ReconAfrica, trading under the ticker RECO, is a Canadian-based junior oil and gas company focused on the identification, exploration, and development of oil and gas assets. Its operations are primarily concentrated in Namibia and Botswana, with additional interests in Mexico.
Understanding the Bid-Ask Spread
Company Overview
The company operates through three geographical segments:
- Corporate: Encompasses the office in Vancouver and the operations office in Calgary.
- Mexico: Refers to the oil and gas operations in Mexico.
- Africa: Includes exploration and evaluation of its African assets.
ReconAfrica was founded by Craig Arthur Steinke and J. Jay Park on June 22, 1978, and is headquartered in Calgary, Canada. As of November 7, 2025, the company employs 46 people.
Stock Performance
The current price of RECO is 0.445 CAD, a −3.12% decrease in the past 24 hours. RECO reached its all-time high on June 24, 2021, at 13.840 CAD, and its all-time low was 0.010 CAD on April 4, 2013. RECO stock is 12.64% volatile and has a beta coefficient of 1.37.
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The market capitalization of RECO is 145.72 M, a decrease of −5.10% over the last week.
Stock Market Returns
Key Stock Metrics
Here's a summary of RECO's key stock metrics:
| Metric | Value |
|---|---|
| Current Price | 0.445 CAD |
| All-time High | 13.840 CAD (Jun 24, 2021) |
| All-time Low | 0.010 CAD (Apr 4, 2013) |
| Volatility | 12.64% |
| Beta Coefficient | 1.37 |
| Market Capitalization | 145.72 M |
Dividends
RECO does not pay any dividends to its shareholders.
Buying and Selling RECO Stock
Like other stocks, RECO shares are traded on stock exchanges such as Nasdaq, Nyse, and Euronext. The easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading.
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The bid & ask refers to the price that an investor is willing to buy or sell a stock. The bid is the highest amount that a buyer is currently willing to pay, whereas the ask is the lowest amount that a seller is currently willing to sell. The numbers next to the bid/ask are the “size”. to buy at that price, and the ask size is the number of shares offered for sale at that price.
The bid-ask spread can indicate a stock’s liquidity, which is how easy it is to buy and sell in the marketplace. Often, a smaller spread suggests higher liquidity, meaning more buyers and sellers in the market are willing to negotiate. In contrast, a larger spread suggests lower liquidity, as there are fewer investors willing to negotiate. You can use the bid-ask spread to determine whether to place a market order or limit order when trading, helping you to optimize your price and have a successful order execution.
Technical Analysis
Investing in stocks requires comprehensive research, including studying the company's financials, related news, and technical analysis. The technical analysis for RECO stock shows a sell signal today, and its 1-week rating is also sell.
Future price estimates suggest a maximum of 2.15 CAD and a minimum of 1.35 CAD.
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