Reconnaissance Energy Africa (CVE:RECO) Shares Down 12.9% – Time to Sell?

by · The Cerbat Gem

Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report)’s stock price dropped 12.9% during trading on Wednesday . The company traded as low as C$1.14 and last traded at C$1.15. Approximately 1,721,736 shares changed hands during mid-day trading, an increase of 3% from the average daily volume of 1,664,282 shares. The stock had previously closed at C$1.32.

Reconnaissance Energy Africa Stock Down 12.9%

The stock has a fifty day moving average of C$0.75 and a 200-day moving average of C$0.59. The stock has a market cap of C$388.36 million, a PE ratio of 3.71 and a beta of 0.20.

Reconnaissance Energy Africa Company Profile

(Get Free Report)

Reconnaissance Energy Africa Ltd., a junior oil and gas company, engages in exploration and development of oil and gas properties in Namibia and Botswana. The company holds a 90% interest in a petroleum exploration license that covers an area of approximately 25,341.33 square kilometer located in Namibia; and 100% working interest in a petroleum license, which covers an area of 8,990 square kilometer located in northwestern Botswana. Reconnaissance Energy Africa Ltd. is headquartered in Vancouver, Canada.

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