Shares of Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) shot up 25.3% on Thursday . The stock traded as high as C$1.26 and last traded at C$1.24. 1,389,000 shares were traded during trading, an increase of 360% from the average session volume of 301,630 shares. The stock had previously closed at C$0.99.
Reconnaissance Energy Africa Trading Up 25.3 %
The stock has a market cap of C$328.77 million, a P/E ratio of 3.54 and a beta of 1.24. The firm has a 50-day simple moving average of C$1.06 and a two-hundred day simple moving average of C$1.02.
Reconnaissance Energy Africa Company Profile
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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