Shares of Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) reached a new 52-week low on Monday . The stock traded as low as C$0.45 and last traded at C$0.45, with a volume of 226220 shares trading hands. The stock had previously closed at C$0.48.
Reconnaissance Energy Africa Price Performance
The stock’s fifty day simple moving average is C$0.87 and its two-hundred day simple moving average is C$0.95. The company has a market capitalization of C$111.26 million, a price-to-earnings ratio of -4.38 and a beta of 1.24.
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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