Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as C$0.74 and last traded at C$0.73, with a volume of 546490 shares trading hands. The stock had previously closed at C$0.85.
Reconnaissance Energy Africa Price Performance
The company has a market cap of C$212.11 million, a PE ratio of 2.29 and a beta of 1.24. The firm has a 50-day simple moving average of C$1.03 and a two-hundred day simple moving average of C$1.01.
About Reconnaissance Energy Africa
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.
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