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Reconnaissance Energy Africa Ltd
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Let's analyse Reconnaissance Energy Africa Ltd together

PenkeI guess you are interested in Reconnaissance Energy Africa Ltd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Reconnaissance Energy Africa Ltd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Quick analysis of Reconnaissance Energy Africa Ltd (30 sec.)










What can you expect buying and holding a share of Reconnaissance Energy Africa Ltd? (30 sec.)

How much money do you get?

How much money do you get?
$0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
$0.30
Expected worth in 1 year
$1.09
How sure are you?
85.7%

+ What do you gain per year?

Total Gains per Share
$0.79
Return On Investment
127.6%

For what price can you sell your share?

Current Price per Share
$0.62
Expected price per share
$0.35 - $0.9
How sure are you?
50%
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1. Valuation of Reconnaissance Energy Africa Ltd (5 min.)




Live pricePrice per Share (EOD)

$0.62

Intrinsic Value Per Share

$-2.64 - $-1.91

Total Value Per Share

$-2.34 - $-1.61

2. Growth of Reconnaissance Energy Africa Ltd (5 min.)




Is Reconnaissance Energy Africa Ltd growing?

Current yearPrevious yearGrowGrow %
How rich?$62.7m$21m$41.6m66.5%

How much money is Reconnaissance Energy Africa Ltd making?

Current yearPrevious yearGrowGrow %
Making money-$193.8m-$5.5m-$188.3m-97.2%
Net Profit Margin-2,530.4%0.0%--

How much money comes from the company's main activities?

3. Financial Health of Reconnaissance Energy Africa Ltd (5 min.)




4. Comparing to competitors in the Oil & Gas E&P industry (5 min.)




  Industry Rankings (Oil & Gas E&P)  


Richest
#178 / 371

Most Revenue
#212 / 371

Most Profit
#369 / 371

Most Efficient
#346 / 371
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What can you expect buying and holding a share of Reconnaissance Energy Africa Ltd? (5 min.)

Welcome investor! Reconnaissance Energy Africa Ltd's management wants to use your money to grow the business. In return you get a share of Reconnaissance Energy Africa Ltd.

What can you expect buying and holding a share of Reconnaissance Energy Africa Ltd?

First you should know what it really means to hold a share of Reconnaissance Energy Africa Ltd. And how you can make/lose money.

Speculation

The Price per Share of Reconnaissance Energy Africa Ltd is $0.62. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Reconnaissance Energy Africa Ltd.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Reconnaissance Energy Africa Ltd, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $0.30. Based on the TTM, the Book Value Change Per Share is $0.20 per quarter. Based on the YOY, the Book Value Change Per Share is $0.07 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Reconnaissance Energy Africa Ltd.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps-0.92-148.3%-0.92-148.3%-0.03-4.2%-0.19-30.9%-0.14-22.1%
Usd Book Value Change Per Share0.2031.9%0.2031.9%0.0711.7%0.069.6%0.046.9%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.2031.9%0.2031.9%0.0711.7%0.069.6%0.046.9%
Usd Price Per Share4.94-4.94-1.75-1.34-0.96-
Price to Earnings Ratio-5.37--5.37--66.83--14.44--10.31-
Price-to-Total Gains Ratio24.98-24.98-24.08-24.53-24.53-
Price to Book Ratio16.60-16.60-17.49-6.82-4.87-
Price-to-Total Gains Ratio24.98-24.98-24.08-24.53-24.53-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.62
Number of shares1612
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.200.06
Usd Total Gains Per Share0.200.06
Gains per Quarter (1612 shares)318.7795.83
Gains per Year (1612 shares)1,275.10383.30
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10127512650383373
20255025400767756
3038253815011501139
4051005090015331522
5063756365019171905
6076517640023002288
7089268915026832671
801020110190030663054
901147611465034503437
1001275112740038333820

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.01.00.00.0%0.03.00.00.0%0.05.00.00.0%0.07.00.00.0%0.07.00.00.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%6.01.00.085.7%6.01.00.085.7%
Dividend per Share0.00.01.00.0%0.00.03.00.0%0.00.05.00.0%0.00.07.00.0%0.00.07.00.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%6.01.00.085.7%6.01.00.085.7%
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Fundamentals of Reconnaissance Energy Africa Ltd

About Reconnaissance Energy Africa Ltd

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 kilometer square located in Namibia; and 100% working interest in a petroleum license, which covers an area of 8,990 square kilometer square located in northwestern Botswana. Reconnaissance Energy Africa Ltd. is headquartered in Vancouver, Canada.

Fundamental data was last updated by Penke on 2023-11-24 08:26:05.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very inefficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is expensive.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.
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1.1. Profitability of Reconnaissance Energy Africa Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Reconnaissance Energy Africa Ltd earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Reconnaissance Energy Africa Ltd to the Oil & Gas E&P industry mean.
  • A Net Profit Margin of -2,530.4% means that $-25.30 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Reconnaissance Energy Africa Ltd:

  • The MRQ is -2,530.4%. The company is making a huge loss. -2
  • The TTM is -2,530.4%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-2,530.4%TTM-2,530.4%0.0%
TTM-2,530.4%YOY--2,530.4%
TTM-2,530.4%5Y-506.1%-2,024.3%
5Y-506.1%10Y-361.5%-144.6%
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ-2,530.4%8.3%-2,538.7%
TTM-2,530.4%13.4%-2,543.8%
YOY-20.3%-20.3%
5Y-506.1%-19.7%-486.4%
10Y-361.5%-33.8%-327.7%
1.1.2. Return on Assets

Shows how efficient Reconnaissance Energy Africa Ltd is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Reconnaissance Energy Africa Ltd to the Oil & Gas E&P industry mean.
  • -196.7% Return on Assets means that Reconnaissance Energy Africa Ltd generated $-1.97 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Reconnaissance Energy Africa Ltd:

  • The MRQ is -196.7%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -196.7%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-196.7%TTM-196.7%0.0%
TTM-196.7%YOY-24.5%-172.2%
TTM-196.7%5Y-84.7%-112.0%
5Y-84.7%10Y-87.8%+3.1%
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ-196.7%0.3%-197.0%
TTM-196.7%0.7%-197.4%
YOY-24.5%2.1%-26.6%
5Y-84.7%-1.2%-83.5%
10Y-87.8%-2.3%-85.5%
1.1.3. Return on Equity

Shows how efficient Reconnaissance Energy Africa Ltd is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Reconnaissance Energy Africa Ltd to the Oil & Gas E&P industry mean.
  • -309.1% Return on Equity means Reconnaissance Energy Africa Ltd generated $-3.09 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Reconnaissance Energy Africa Ltd:

  • The MRQ is -309.1%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -309.1%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-309.1%TTM-309.1%0.0%
TTM-309.1%YOY-26.2%-282.9%
TTM-309.1%5Y-152.3%-156.8%
5Y-152.3%10Y-154.3%+2.1%
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ-309.1%1.5%-310.6%
TTM-309.1%2.5%-311.6%
YOY-26.2%5.0%-31.2%
5Y-152.3%-2.5%-149.8%
10Y-154.3%-4.0%-150.3%
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1.2. Operating Efficiency of Reconnaissance Energy Africa Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Reconnaissance Energy Africa Ltd is operating .

  • Measures how much profit Reconnaissance Energy Africa Ltd makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Reconnaissance Energy Africa Ltd to the Oil & Gas E&P industry mean.
  • An Operating Margin of -311.9% means the company generated $-3.12  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Reconnaissance Energy Africa Ltd:

  • The MRQ is -311.9%. The company is operating very inefficient. -2
  • The TTM is -311.9%. The company is operating very inefficient. -2
Trends
Current periodCompared to+/- 
MRQ-311.9%TTM-311.9%0.0%
TTM-311.9%YOY--311.9%
TTM-311.9%5Y-62.4%-249.5%
5Y-62.4%10Y-44.6%-17.8%
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ-311.9%19.6%-331.5%
TTM-311.9%17.6%-329.5%
YOY-32.6%-32.6%
5Y-62.4%-3.0%-59.4%
10Y-44.6%-14.8%-29.8%
1.2.2. Operating Ratio

Measures how efficient Reconnaissance Energy Africa Ltd is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Oil & Gas E&P industry mean).
  • An Operation Ratio of 4.98 means that the operating costs are $4.98 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Reconnaissance Energy Africa Ltd:

  • The MRQ is 4.976. The company is inefficient in keeping operating costs low. -1
  • The TTM is 4.976. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ4.976TTM4.9760.000
TTM4.976YOY-+4.976
TTM4.9765Y0.995+3.981
5Y0.99510Y0.711+0.284
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ4.9761.074+3.902
TTM4.9760.972+4.004
YOY-0.749-0.749
5Y0.9951.073-0.078
10Y0.7111.180-0.469
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1.3. Liquidity of Reconnaissance Energy Africa Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Reconnaissance Energy Africa Ltd is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Oil & Gas E&P industry mean).
  • A Current Ratio of 1.54 means the company has $1.54 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Reconnaissance Energy Africa Ltd:

  • The MRQ is 1.544. The company is able to pay all its short-term debts. +1
  • The TTM is 1.544. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.544TTM1.5440.000
TTM1.544YOY3.609-2.064
TTM1.5445Y2.768-1.224
5Y2.76810Y2.687+0.081
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5441.112+0.432
TTM1.5441.198+0.346
YOY3.6091.218+2.391
5Y2.7681.307+1.461
10Y2.6871.613+1.074
1.3.2. Quick Ratio

Measures if Reconnaissance Energy Africa Ltd is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Reconnaissance Energy Africa Ltd to the Oil & Gas E&P industry mean.
  • A Quick Ratio of 0.24 means the company can pay off $0.24 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Reconnaissance Energy Africa Ltd:

  • The MRQ is 0.243. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.243. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.243TTM0.2430.000
TTM0.243YOY0.044+0.199
TTM0.2435Y0.080+0.163
5Y0.08010Y0.057+0.023
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2430.613-0.370
TTM0.2430.668-0.425
YOY0.0440.786-0.742
5Y0.0800.777-0.697
10Y0.0570.935-0.878
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1.4. Solvency of Reconnaissance Energy Africa Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Reconnaissance Energy Africa Ltd assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Reconnaissance Energy Africa Ltd to Oil & Gas E&P industry mean.
  • A Debt to Asset Ratio of 0.36 means that Reconnaissance Energy Africa Ltd assets are financed with 36.4% credit (debt) and the remaining percentage (100% - 36.4%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Reconnaissance Energy Africa Ltd:

  • The MRQ is 0.364. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.364. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.364TTM0.3640.000
TTM0.364YOY0.063+0.300
TTM0.3645Y0.327+0.037
5Y0.32710Y0.349-0.022
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3640.415-0.051
TTM0.3640.419-0.055
YOY0.0630.434-0.371
5Y0.3270.465-0.138
10Y0.3490.448-0.099
1.4.2. Debt to Equity Ratio

Measures if Reconnaissance Energy Africa Ltd is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Reconnaissance Energy Africa Ltd to the Oil & Gas E&P industry mean.
  • A Debt to Equity ratio of 57.1% means that company has $0.57 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Reconnaissance Energy Africa Ltd:

  • The MRQ is 0.571. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.571. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.571TTM0.5710.000
TTM0.571YOY0.068+0.504
TTM0.5715Y0.678-0.107
5Y0.67810Y0.677+0.001
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5710.599-0.028
TTM0.5710.608-0.037
YOY0.0680.682-0.614
5Y0.6780.833-0.155
10Y0.6770.783-0.106
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2. Market Valuation of Reconnaissance Energy Africa Ltd

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Reconnaissance Energy Africa Ltd generates.

  • Above 15 is considered overpriced but always compare Reconnaissance Energy Africa Ltd to the Oil & Gas E&P industry mean.
  • A PE ratio of -5.37 means the investor is paying $-5.37 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Reconnaissance Energy Africa Ltd:

  • The EOD is -0.674. Based on the earnings, the company is expensive. -2
  • The MRQ is -5.371. Based on the earnings, the company is expensive. -2
  • The TTM is -5.371. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-0.674MRQ-5.371+4.697
MRQ-5.371TTM-5.3710.000
TTM-5.371YOY-66.827+61.456
TTM-5.3715Y-14.440+9.068
5Y-14.44010Y-10.314-4.126
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
EOD-0.6741.541-2.215
MRQ-5.3711.823-7.194
TTM-5.3711.689-7.060
YOY-66.8270.952-67.779
5Y-14.440-1.259-13.181
10Y-10.314-0.921-9.393
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Reconnaissance Energy Africa Ltd:

  • The EOD is -3.750. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -29.883. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -29.883. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-3.750MRQ-29.883+26.132
MRQ-29.883TTM-29.8830.000
TTM-29.883YOY-22.466-7.416
TTM-29.8835Y-10.470-19.413
5Y-10.47010Y-7.478-2.991
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
EOD-3.750-0.933-2.817
MRQ-29.883-1.223-28.660
TTM-29.883-1.210-28.673
YOY-22.4660.022-22.488
5Y-10.470-2.357-8.113
10Y-7.478-4.129-3.349
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2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Reconnaissance Energy Africa Ltd is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Oil & Gas E&P industry mean).
  • A PB ratio of 16.60 means the investor is paying $16.60 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Reconnaissance Energy Africa Ltd:

  • The EOD is 2.084. Based on the equity, the company is underpriced. +1
  • The MRQ is 16.602. Based on the equity, the company is expensive. -2
  • The TTM is 16.602. Based on the equity, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD2.084MRQ16.602-14.518
MRQ16.602TTM16.6020.000
TTM16.602YOY17.485-0.883
TTM16.6025Y6.817+9.784
5Y6.81710Y4.870+1.948
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
EOD2.0841.029+1.055
MRQ16.6021.163+15.439
TTM16.6021.157+15.445
YOY17.4851.447+16.038
5Y6.8171.359+5.458
10Y4.8701.488+3.382
2. Total Gains per Share
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3. Summary

3.1. Key Performance Indicators

The key performance indicators of Reconnaissance Energy Africa Ltd compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.1980.1980%0.072+173%0.059+233%0.043+365%
Book Value Per Share--0.2980.2980%0.100+198%0.085+249%0.061+389%
Current Ratio--1.5441.5440%3.609-57%2.768-44%2.687-43%
Debt To Asset Ratio--0.3640.3640%0.063+474%0.327+11%0.349+4%
Debt To Equity Ratio--0.5710.5710%0.068+745%0.678-16%0.677-16%
Dividend Per Share----0%-0%-0%-0%
Eps---0.920-0.9200%-0.026-97%-0.192-79%-0.137-85%
Free Cash Flow Per Share---0.165-0.1650%-0.078-53%-0.050-70%-0.036-78%
Free Cash Flow To Equity Per Share--0.1400.1400%0.015+840%0.033+329%0.023+501%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---1.909--------
Intrinsic Value_10Y_min---2.641--------
Intrinsic Value_1Y_max---0.081--------
Intrinsic Value_1Y_min---0.131--------
Intrinsic Value_3Y_max---0.327--------
Intrinsic Value_3Y_min---0.511--------
Intrinsic Value_5Y_max---0.675--------
Intrinsic Value_5Y_min---1.018--------
Market Cap130659415.040-697%1041060500.4801041060500.4800%367785179.238+183%281769135.944+269%201263668.531+417%
Net Profit Margin---25.304-25.3040%--100%-5.061-80%-3.615-86%
Operating Margin---3.119-3.1190%--100%-0.624-80%-0.446-86%
Operating Ratio--4.9764.9760%-+100%0.995+400%0.711+600%
Pb Ratio2.084-697%16.60216.6020%17.485-5%6.817+144%4.870+241%
Pe Ratio-0.674+87%-5.371-5.3710%-66.827+1144%-14.440+169%-10.314+92%
Price Per Share0.620-697%4.9404.9400%1.745+183%1.337+269%0.955+417%
Price To Free Cash Flow Ratio-3.750+87%-29.883-29.8830%-22.466-25%-10.470-65%-7.478-75%
Price To Total Gains Ratio3.135-697%24.98124.9810%24.077+4%24.529+2%24.529+2%
Quick Ratio--0.2430.2430%0.044+450%0.080+202%0.057+323%
Return On Assets---1.967-1.9670%-0.245-88%-0.847-57%-0.878-55%
Return On Equity---3.091-3.0910%-0.262-92%-1.523-51%-1.543-50%
Total Gains Per Share--0.1980.1980%0.072+173%0.059+233%0.043+365%
Usd Book Value--62708349.71262708349.7120%21034210.116+198%17947960.148+249%12836778.678+389%
Usd Book Value Change Per Share--0.1980.1980%0.072+173%0.059+233%0.043+365%
Usd Book Value Per Share--0.2980.2980%0.100+198%0.085+249%0.061+389%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps---0.920-0.9200%-0.026-97%-0.192-79%-0.137-85%
Usd Free Cash Flow---34838408.228-34838408.2280%-16370522.087-53%-10617420.498-70%-7602818.950-78%
Usd Free Cash Flow Per Share---0.165-0.1650%-0.078-53%-0.050-70%-0.036-78%
Usd Free Cash Flow To Equity Per Share--0.1400.1400%0.015+840%0.033+329%0.023+501%
Usd Market Cap130659415.040-697%1041060500.4801041060500.4800%367785179.238+183%281769135.944+269%201263668.531+417%
Usd Price Per Share0.620-697%4.9404.9400%1.745+183%1.337+269%0.955+417%
Usd Profit---193814852.941-193814852.9410%-5503544.865-97%-40416288.171-79%-28894387.415-85%
Usd Revenue--7659466.8257659466.8250%-+100%1531893.365+400%1094209.546+600%
Usd Total Gains Per Share--0.1980.1980%0.072+173%0.059+233%0.043+365%
 EOD+2 -6MRQTTM+0 -0YOY+17 -165Y+17 -1610Y+17 -16

3.2. Fundamental Score

Let's check the fundamental score of Reconnaissance Energy Africa Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-0.674
Price to Book Ratio (EOD)Between0-12.084
Net Profit Margin (MRQ)Greater than0-25.304
Operating Margin (MRQ)Greater than0-3.119
Quick Ratio (MRQ)Greater than10.243
Current Ratio (MRQ)Greater than11.544
Debt to Asset Ratio (MRQ)Less than10.364
Debt to Equity Ratio (MRQ)Less than10.571
Return on Equity (MRQ)Greater than0.15-3.091
Return on Assets (MRQ)Greater than0.05-1.967
Total3/10 (30.0%)

3.3. Technical Score

Let's check the technical score of Reconnaissance Energy Africa Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5023.905
Ma 20Greater thanMa 500.731
Ma 50Greater thanMa 1000.764
Ma 100Greater thanMa 2000.886
OpenGreater thanClose0.654
Total1/5 (20.0%)



Latest Balance Sheet

Balance Sheet of 2021-12-31. Currency in CAD. All numbers in thousands.

Summary
Total Assets133,929
Total Liabilities48,704
Total Stockholder Equity85,225
 As reported
Total Liabilities 48,704
Total Stockholder Equity+ 85,225
Total Assets = 133,929

Assets

Total Assets133,929
Total Current Assets73,597
Long-term Assets73,597
Total Current Assets
Cash And Cash Equivalents 61,154
Net Receivables 11,575
Total Current Assets  (as reported)73,597
Total Current Assets  (calculated)72,729
+/- 867
Long-term Assets
Property Plant Equipment 60,332
Long-term Assets  (as reported)60,332
Long-term Assets  (calculated)60,332
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities47,652
Long-term Liabilities1,052
Total Stockholder Equity85,225
Total Current Liabilities
Accounts payable 6,638
Total Current Liabilities  (as reported)47,652
Total Current Liabilities  (calculated)6,638
+/- 41,013
Long-term Liabilities
Other Liabilities 1,052
Long-term Liabilities  (as reported)1,052
Long-term Liabilities  (calculated)1,052
+/-0
Total Stockholder Equity
Common Stock311,000
Retained Earnings -274,162
Other Stockholders Equity 48,387
Total Stockholder Equity (as reported)85,225
Total Stockholder Equity (calculated)85,225
+/-0
Other
Capital Stock311,000
Common Stock Shares Outstanding 189,219
Net Invested Capital 85,225
Net Tangible Assets 85,225
Net Working Capital 25,945



Balance Sheet

Currency in CAD. All numbers in thousands.

 Trend2021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-31
> Total Assets 
106
162
208
561
8,348
30,519
133,929
133,92930,5198,348561208162106
   > Total Current Assets 
106
162
208
561
2,699
6,974
73,597
73,5976,9742,699561208162106
       Cash And Cash Equivalents 
102
159
204
554
2,547
6,793
61,154
61,1546,7932,547554204159102
       Net Receivables 
0
0
2
7
42
85
11,575
11,57585427200
   > Long-term Assets 
0
0
0
0
5,650
23,545
60,332
60,33223,5455,6500000
       Property Plant Equipment 
0
0
0
0
5,650
23,545
60,332
60,33223,5455,6500000
       Other Assets 
0
0
0
791
0
0
0
000791000
> Total Liabilities 
42
66
116
328
522
1,933
48,704
48,7041,9335223281166642
   > Total Current Liabilities 
42
66
116
324
522
1,933
47,652
47,6521,9335223241166642
       Short Long Term Debt 
0
0
0
0
287
0
0
002870000
       Accounts payable 
1
1
15
324
234
1,933
6,638
6,6381,9332343241511
   > Long-term Liabilities 
0
0
0
0
0
0
1,052
1,052000000
       Other Liabilities 
0
0
0
0
0
0
1,052
1,052000000
       Deferred Long Term Liability 
0
0
0
209
0
0
0
000209000
> Total Stockholder Equity
64
96
91
233
7,827
28,587
85,225
85,22528,5877,827233919664
   Common Stock
0
0
0
630
9,159
28,375
311,000
311,00028,3759,159630000
   Retained Earnings Total Equity0000000
   Accumulated Other Comprehensive Income 0000000
   Capital Surplus 0000000
   Treasury Stock0000000
   Other Stockholders Equity 
0
0
0
-10
1,943
10,967
48,387
48,38710,9671,943-10000



Balance Sheet

Currency in CAD. All numbers in thousands.




Cash Flow

Currency in CAD. All numbers in thousands.




Income Statement

Currency in CAD. All numbers in thousands.


Latest Income Statement (annual, 2021-12-31)

Gross Profit (+$)
totalRevenue10,410
Cost of Revenue-8,922
Gross Profit1,4871,487
 
Operating Income (+$)
Gross Profit1,487
Operating Expense-42,879
Operating Income-32,469-41,391
 
Operating Expense (+$)
Research Development0
Selling General Administrative32,631
Selling And Marketing Expenses0
Operating Expense42,87932,631
 
Net Interest Income (+$)
Interest Income0
Interest Expense-3,549
Other Finance Cost-0
Net Interest Income-3,549
 
Pretax Income (+$)
Operating Income-32,469
Net Interest Income-3,549
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-263,113194,625
EBIT - interestExpense = -36,019
-263,113
-259,858
Interest Expense3,549
Earnings Before Interest and Taxes (EBIT)-32,469-259,563
Earnings Before Interest and Taxes (EBITDA)-259,529
 
After tax Income (+$)
Income Before Tax-263,113
Tax Provision-294
Net Income From Continuing Ops-263,407-263,407
Net Income-263,407
Net Income Applicable To Common Shares-263,407
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net-227,0943,549
 

Technical Analysis of Reconnaissance Energy Africa Ltd
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Reconnaissance Energy Africa Ltd. The general trend of Reconnaissance Energy Africa Ltd is BEARISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Reconnaissance Energy Africa Ltd's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-100.0%) Bearish trend (100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Reconnaissance Energy Africa Ltd.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 0.69 < 0.85 < 0.9.

The bearish price targets are: 0.35.

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Reconnaissance Energy Africa Ltd Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Reconnaissance Energy Africa Ltd. The current mas is .

The long score for the Moving Averages is 0/14.
The longshort score for the Moving Averages is -14/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Reconnaissance Energy Africa Ltd Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Reconnaissance Energy Africa Ltd. The current macd is -0.0384439.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Reconnaissance Energy Africa Ltd price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Reconnaissance Energy Africa Ltd. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Reconnaissance Energy Africa Ltd price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Reconnaissance Energy Africa Ltd Daily Moving Average Convergence/Divergence (MACD) ChartReconnaissance Energy Africa Ltd Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Reconnaissance Energy Africa Ltd. The current adx is 21.28.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -2/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Reconnaissance Energy Africa Ltd shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bearish trend could be forming. -1
Reconnaissance Energy Africa Ltd Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Reconnaissance Energy Africa Ltd. The current sar is 0.76419473.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Reconnaissance Energy Africa Ltd Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Reconnaissance Energy Africa Ltd. The current rsi is 23.91. The current phase is Oversold in bear market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is 0/(-13 +13).

  • Oversold in bear market: Short-term excessive selling, potential for relief rally. Be cautious, consider taking short-term long positions. +1
  • Trending down: The RSI is trending down. -1
Reconnaissance Energy Africa Ltd Daily Relative Strength Index (RSI) ChartReconnaissance Energy Africa Ltd Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Reconnaissance Energy Africa Ltd. The current phase is Oversold in bear market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -6/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Reconnaissance Energy Africa Ltd price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Reconnaissance Energy Africa Ltd Daily Stochastic Oscillator ChartReconnaissance Energy Africa Ltd Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Reconnaissance Energy Africa Ltd. The current cci is -157.28328865.

The long score for the Commodity Channel Index (CCI) is 0/1.
The longshort score for the Commodity Channel Index (CCI) is -1/(-1 +1).

  • CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1
Reconnaissance Energy Africa Ltd Daily Commodity Channel Index (CCI) ChartReconnaissance Energy Africa Ltd Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Reconnaissance Energy Africa Ltd. The current cmo is -69.05031823.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Reconnaissance Energy Africa Ltd Daily Chande Momentum Oscillator (CMO) ChartReconnaissance Energy Africa Ltd Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Reconnaissance Energy Africa Ltd. The current willr is -96.25668449.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is -1/(-1 +1).

  • WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
Reconnaissance Energy Africa Ltd Daily Williams %R ChartReconnaissance Energy Africa Ltd Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Reconnaissance Energy Africa Ltd.

Reconnaissance Energy Africa Ltd Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Reconnaissance Energy Africa Ltd. The current atr is 0.04545822.

Reconnaissance Energy Africa Ltd Daily Average True Range (ATR) ChartReconnaissance Energy Africa Ltd Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Reconnaissance Energy Africa Ltd. The current obv is -40,385,234.

Reconnaissance Energy Africa Ltd Daily On-Balance Volume (OBV) ChartReconnaissance Energy Africa Ltd Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Reconnaissance Energy Africa Ltd. The current mfi is 17.71.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -2/(-2 +2).

  • MFI < 50: -1
  • MFI < 20: -1
Reconnaissance Energy Africa Ltd Daily Money Flow Index (MFI) ChartReconnaissance Energy Africa Ltd Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Reconnaissance Energy Africa Ltd.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-07-19CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-07-21STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-07-25STOCH LONG EXITThe %K line crosses below the %D line.
2023-07-26STOCH SHORT EXITThe %K line crosses above the %D line.
2023-07-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-07-31STOCH SHORT EXITThe %K line crosses above the %D line.
2023-08-01CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-08-02STOCH LONG EXITThe %K line crosses below the %D line.
2023-08-03STOCH SHORT EXITThe %K line crosses above the %D line.
2023-08-04WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-08-08RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-08-14MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-08-15SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-08-21STOCH SHORT EXITThe %K line crosses above the %D line.
2023-08-22CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-08-24STOCH LONG EXITThe %K line crosses below the %D line.
2023-08-25MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-08-29DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-08-30STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-08-31STOCH SHORT EXITThe %K line crosses above the %D line.
2023-09-06STOCH LONG EXITThe %K line crosses below the %D line.
2023-09-07WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-09-08STOCH SHORT EXITThe %K line crosses above the %D line.
2023-09-12STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-09-14STOCH SHORT EXITThe %K line crosses above the %D line.
2023-09-18SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-09-19CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-09-21SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-09-22STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-09-26BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-09-27RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-10-02STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-10-03WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-10-04STOCH SHORT EXITThe %K line crosses above the %D line.
2023-10-05STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-10-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-10-09CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-10-10DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-10-11STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-10-12DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-10-13SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-10-17STOCH SHORT EXITThe %K line crosses above the %D line.
2023-10-19STOCH LONG EXITThe %K line crosses below the %D line.
2023-10-20CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-10-23STOCH SHORT EXITThe %K line crosses above the %D line.
2023-10-24STOCH LONG EXITThe %K line crosses below the %D line.
2023-10-25MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-10-26STOCH SHORT EXITThe %K line crosses above the %D line.
2023-10-27STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-10-30STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-03MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-06STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-07STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-09DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-10STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-14STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-16STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-20CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-24SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-28MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-11-29DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-11-30STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-01ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-05STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-06MFI SHORT ENTRY LONG CLOSE20 crossover to downside

6.3. Candlestick Patterns

Reconnaissance Energy Africa Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Reconnaissance Energy Africa Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5023.905
Ma 20Greater thanMa 500.731
Ma 50Greater thanMa 1000.764
Ma 100Greater thanMa 2000.886
OpenGreater thanClose0.654
Total1/5 (20.0%)
Penke

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