Reconnaissance Energy Africa Ltd.

Reconnaissance Energy Africa Ltd.verified

RECAF

Price:

$0.72

Market Cap:

$253.11M

Reconnaissance Energy Africa Ltd., a junior oil and gas company, engages in exploration and development of oil and gas potential in Namibia and Botswana. It holds a 90% interest in a petroleum exploration license that covers an area of approximately 25,341.33 km2 located in Namibia; and 100% working interest in a petroleum license, which covers an area of 8,990 square km2 located in northwestern Botswana. The company is headquartered in Vancouver, Canada.[Read more]

Industry

Oil & Gas Exploration & Production

IPO Date

2002-02-12

Stock Exchange

PNK

Ticker

RECAF

The Current Ratio as of September 2024 (TTM) for Reconnaissance Energy Africa Ltd. (RECAF) is 2.26

According to Reconnaissance Energy Africa Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 2.26. This represents a change of 26.14% compared to the average of 1.79 of the last 4 quarters.

Reconnaissance Energy Africa Ltd. (RECAF) Historical Current Ratio (quarterly & annually)

How has RECAF Current Ratio performed in the past?

The mean historical Current Ratio of Reconnaissance Energy Africa Ltd. over the last ten years is 2.82. The current 2.26 Current Ratio has changed 7.91% with respect to the historical average. Over the past ten years (40 quarters), RECAF's Current Ratio was at its highest in in the June 2021 quarter at 29.35. The Current Ratio was at its lowest in in the March 2019 quarter at 0.05.

Quarterly (TTM)
Annual

Average

2.82

Median

2.11

Minimum

0.62

Maximum

9.18

Reconnaissance Energy Africa Ltd. (RECAF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Reconnaissance Energy Africa Ltd. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 1.38%

Maximum Annual Current Ratio = 9.18

Minimum Annual Increase = -86.27%

Minimum Annual Current Ratio = 0.62

Quarterly (TTM)
Annual
YearCurrent RatioChange
20240.692.86%
20230.67-56.47%
20211.54-57.20%
20203.61-30.24%
20195.17189.83%
20191.78-26.90%
20172.44-3.46%
20162.53-72.44%
20159.181.38%
20140.62-86.27%

Reconnaissance Energy Africa Ltd. (RECAF) Average Current Ratio

How has RECAF Current Ratio performed in the past?

The current Current Ratio of Reconnaissance Energy Africa Ltd. (RECAF) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

0.97

5-year avg

2.34

10-year avg

2.82

Reconnaissance Energy Africa Ltd. (RECAF) Current Ratio vs. Peers

How is RECAF’s Current Ratio compared to its peers?

Reconnaissance Energy Africa Ltd.’s Current Ratio is greater than Pantheon Resources Plc (0.58), greater than CGX Energy Inc. (0.25), greater than Eco (Atlantic) Oil & Gas Ltd. (1.68), less than Sintana Energy Inc. (10.18), greater than Frontera Energy Corporation (0.97), greater than Total Helium Ltd. (0.10), greater than Avanti Helium Corp. (0.16), greater than Invictus Energy Limited (0.41), less than Desert Mountain Energy Corp. (7.61), greater than Royal Helium Ltd. (0.25), less than 88 Energy Limited (8.51), greater than Journey Energy Inc. (0.68), greater than Trillion Energy International Inc. (0.11), greater than Zion Oil & Gas, Inc. (1.80), greater than Verde Bio Holdings, Inc. (0.07), greater than Foothills Exploration, Inc. (0.01),

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