Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) shares were up 6.4% during trading on Monday. The stock traded as high as C$0.58 and last traded at C$0.58. 496,832 shares were traded during mid-day trading, a decline of 29% from the average daily volume of 702,429 shares. The stock had previously closed at C$0.55.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group set a C$1.75 price target on shares of Reconnaissance Energy Africa and gave the company a “speculative buy” rating in a report on Wednesday, June 17th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$1.75.
Check Out Our Latest Report on Reconnaissance Energy Africa
Reconnaissance Energy Africa Stock Down 1.7%
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. Reconnaissance Energy Africa Ltd. is headquartered in Vancouver, Canada.
Featured Stories
- Five stocks we like better than Reconnaissance Energy Africa
- The Bull Case for Amprius Technologies Just Got Stronger
- CarMax Just Gave Investors a Better Reason to Believe in the Turnaround
- CoreWeave Comes With Risks: Analysts Split on What Matters Most
- Bottlenecking the Future: TSMC Prices Out the Competition
Receive News & Ratings for Reconnaissance Energy Africa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reconnaissance Energy Africa and related companies with MarketBeat.com's FREE daily email newsletter.
