Reconnaissance Energy Africa (CVE:RECO) Stock Price Down 17.9% - Time to Sell?

Reconnaissance Energy Africa Ltd. (CVE:RECO - Get Free Report) shares were down 17.9% on Friday . The stock traded as low as C$0.53 and last traded at C$0.55. Approximately 1,938,133 shares changed hands during trading, an increase of 478% from the average daily volume of 335,483 shares. The stock had previously closed at C$0.67.Reconnaissance Energy Africa Trading Down 17.9%The firm's 50-day moving average is C$0.54 and its two-hundred day moving average is C$0.53. The stock has a market cap of C$146.06 million, a price-to-earnings ratio of 1.77 and a beta of -0.66. 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.Read MoreFive stocks we like better than Reconnaissance Energy Africa3 Ways To Invest In Coffee, Other Than Drinking ItCaterpillar Stock Hits All-Time High—Is There More Room to Run?There Are Different Types of Stock To Invest InBerkshire-Backed Lennar Slides After Weak Q3 EarningsWhy Are These Companies Considered Blue Chips?Analysts Turn Bullish on Hershey—Is Pepsi the Next Value Play?Should You Invest $1,000 in Reconnaissance Energy Africa Right Now?Before you consider Reconnaissance Energy Africa, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Reconnaissance Energy Africa wasn't on the list.While Reconnaissance Energy Africa currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here