Recon Africa stock trades on the OTC market under the ticker symbol “RECAF.” The daily trading volumes are over a million, so liquidity shouldn't be a problem if you want to buy the stock. Most brokers let you trade on the OTC markets. Buying Recon Africa stock on Toronto and Frankfurt exchanges
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What is the best price to buy recaf at?
My favorite 'penny stock,' I would love to accumulate RECAF around $3-5 USD and hold for $9-12 USD. Such a level to accumulate would be statistically safe, and provide excellent 100-300% returns in the following months. RECAF is a great upcoming company that can continue to grow.
Is recon Africa (recaf) stock a buy now?
Reconnaissance Energy Africa, also known as Recon Africa, has been on a fire and the stock has gained 2,830 percent over the last year. However, the stock is down 13 percent from its 52-week highs and is in a correction zone. Is Recon Africa (RECAF) stock a good buy now or should you stay away from the company, which was a penny stock not long ago?
What do you think about recaf?
I work for a service company. We never stopped during lock down we figured it out and made it happen if the customer was keen. Positive about recaf is they contributed to covid relief in Namibia. Since the new varient is coming from s Africa I am glad recaf helped with covid. Haywood price target $16.00 Canadian Have a fun trading day.
Is a 50% retracement coming at recaf?
RECAF ran more than 1000% since November and was in need of a healthy correction. Fibonacci trading seems to show a 50% retracement is coming and $3-4 is a good area to accumulate at RECAF - The best new oil stock for 2021?
How can I buy Recaf stock?
You can buy Reconnaissance Energy Africa shares by opening an account at a top tier brokerage firm, such as TD Ameritrade or tastyworks.
Should I buy Recon Africa stock?
Reconnaissance Energy Africa Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Is Recaf an OTC?
Stock Quote (U.S.: OTC) | MarketWatch....Performance.5 Day-7.65%YTD-24.29%1 Year-59.48%2 more rows
How many outstanding shares does Recaf have?
200.88MOwnershipTypeCommon Stock Held% of Shares OutstandingCorporations (Private)518,5000.26%Individuals / Insiders6.87M3.42%Public and Other193.37M96.26%Total200.88M100.00%1 more row
What is happening with Recon Africa?
Seismic Operations ReconAfrica's has completed approximately 30% of its 450 km seismic field acquisition which has produced good initial data quality. The program is on schedule for completion by the end of October 2021.
What is meant by Reco price?
Reco - This broker has upgraded this stock from it's previous report. (eg. - Sell->Hold) Target - Broker has maintained previous recommendation but increased share price target.
Where is the Kavango Basin?
Located in the Okavango wilderness region of Namibia and Botswana, the massive Kavango Basin is thought to hold more than 30 billion barrels of crude oil.
Ideas
Have now proven there is a working conventional petroleum system in the Kavango. Now the objective is to master it. interesting play sitting on apotentailly a world class oil field. Short sellers Viceroy have been accused of“intentionally false allegations”. Close to the buy zone again!
Profile
Reconnaissance Energy Africa Ltd. is a junior oil and natural gas company, which engages in the exploration and development in Namibia and Botswana. It holds interests in the Kavango Basin. The company was founded on June 22, 1978 and is headquartered in Vancouver, Canada.
Company Profile
Reconnaissance Energy Africa Ltd., a junior oil and gas company, engages in the identification, exploration, and development of oil and/or gas assets in Namibia and Botswana. It holds a 90% interest in a petroleum exploration license that covers an…
Analyst Opinions
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Reconnaissance Energy Africa Ltd. (RECAF) Company Bio
Reconnaissance Energy Africa Ltd. operates as an exploration company. The extracts oil and gas. Reconnaissance Energy Africa serves customers in the United Kingdom and Africa.
Is Reconnaissance Energy Africa on fire?
Reconnaissance Energy Africa, also known as Recon Africa, has been on a fire and the stock has gained 2,830 percent over the last year. However, the stock is down 13 percent from its 52-week highs and is in a correction zone.
Is Recon Africa a penny stock?
None of the Wall Street analysts seem to be covering Recon Africa stock. The company was a penny stock before it caught the markets’ attention and not many analysts cover penny names given the inherent risk in such stocks.
