Reconnaissance Energy Africa is an oil and gas company established in Canada. It found its basis in 1978 with the head office in Vancouver, Canada. It is a huge production company working hard to produce an extensive reservoir of gas and oil in Namibia and Botswana. It is a registered company and works collaboratively with all the national governments. It aims at exploring and searching the potential gas and oil in North East and North West Africa.
This company presents its outstanding shares named RECAF Stock with the current price of 4.00 US dollars. Moreover, the operations in the company are carried out by a technical team. They have the specialized expertise required for the exploration of gas and oil. These include geophysicists, Geoscience advisors, geologists, and advisory committee members. All of them fulfil the specific operations and represent the academic reports.
Business Overview:
The business activities of Reconnaissance Energy are led by a team of efficient directors and officers. They all have extensive experience with African resource exploration and development. The company is engaged in drilling conventional wells in a low-impact 2D seismic program. It wants to provide a complete picture of the geological formations in the different areas using the latest technological methods. This conventional drilling program does not intend for the wells to produce the flowing oil.
They hold the significant market core segments as they are leading towards success. However, all the samples that have been collected during the mining and drilling process are collected and presented to the higher authorities related to mines and energy. This company holds good community relations and performs its functions according to community standards. It assures the safety and health of all the workers and can be a good source of employment.
RECAF Stock:
Here is a detailed view of the fluctuations, increasing, and decreasing patterns in the RECAF Stock. Please have a look at this to know more about this.
1-Current Stock Price:
The current price of RECAF Stock is 4.00 US dollars on July 7, 2022. In the previous five days, the price was maximum with a rate of 4.50 US dollars on June 29, 2022. It decreases to 3.86 US dollars on June 30, 2022.
2-Stock Volatility Or Stability:
The record of RECAF Stock indicated the maximum rates and stability of stock on April 16, 2021, May 7, 2021, and May 14, 2021, which are 6.10, 8.26, and 7.38 US dollars. Moreover, the stock prices are the highest on the following dates.
- May 21, 2021
- May 28, 2021
- June 4, 2021
- June 11, 2021
- June 18, 2021
- June 25, 2021
- July 2, 2021
3-Maximum Stock Price In The Last 5 Years:
The maximum stock price in the last five years was 9.89 US dollars on July 2, 2021.
4-Minimum Stock Price In The Last 5 Years:
The last five years’ minimum stock price was 0.19 US dollars on October 16, 2019.
Financial Statement Analysis:
The financial condition of any company plays a vital role in its success. Financial statement analysis reports economic conditions and all the business activities. So, Let’s look at this company’s financial statement analysis.
Earnings:
This company’s earnings have declined by 125.6% per year over the past Five years. The payments are 21.08 Million US dollars in the year 2022.
Revenues:
This company started generating revenues in the year 2022. From the year 2018 to 21, there were no revenues. Though, it will create revenues of 2.66 Million Us Dollars in 2022.
Debt To Equity:
The debt to equity ratio gradually reduces from the end of the year 2019. First, it was 5.6% at the end of 2019, and it declined to 0% in the year 2022. Hence, the debt to equity ratio is 95.99 Million US dollars.
Liabilities:
According to the research, the short-term liabilities range from 42.31 Million Us Dollars, and the long-term liabilities are 0.82 million US dollars.
Assets:
The short-term assets are 89. 45 Million Us Dollars and long-term assets are 49.66 Million US dollars. All the short and long-term assets cover the liabilities.
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