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flag Reconnaissance Energy Africa shares surged 37.5% on volume over 1,800% above average, with no clear reason given.

flag Reconnaissance Energy Africa (CVE:RECO) shares jumped 37.5% on Wednesday, closing at C$0.66 after reaching a high of C$0.76, driven by a surge in trading volume to about 7.9 million shares—over 1,800% above average. flag The junior oil and gas explorer, focused on Namibia and Botswana, holds a 90% interest in a major Namibian exploration license and a 100% working interest in a Botswana license. flag The stock’s market capitalization stood at C$222.78 million, with a price-to-earnings ratio of 2.13 and a beta of -0.19, indicating low volatility. flag The rally occurred despite no specific catalyst being detailed in the report.

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