Reconnaissance Energy: Stocks Overvalued by Analyst Consensus on TSX-V (RECO)
Reconnaissance Energy Africa Ltd is among the group of overvalued stocks on the TSX Venture Exchange. This means the consensus value for each stock on this list is below its current price.
This report is generated monthly. It provides the close price and target price for these companies along with the number of analysts covering the stock. Also included is the fiscal year for the target price as sometimes these analyst targets are not for the current or even the next fiscal year. Stocks in this category are generally sold to preserve capital.
There may be a number of reasons why a company would be on this list. Companies with a large analyst following with a difference in price versus target are worth exploring in more detail.
| Symbol | Name | Target Year | Close Price | Target Price Mean | Currency | Target Price # Estimates |
|---|---|---|---|---|---|---|
| RECO | Reconnaissance Energy Africa Ltd | 2024 | 1.75 | 1.7 | CAD | 2 |
| RX | Biosyent Inc | 2024 | 10 | 9.65 | CAD | 1 |
| QIS | Quorum Information Technologies Inc | 2024 | 0.88 | 0.85 | CAD | 1 |
| IFX | Imaflex Inc | 2024 | 1.04 | 1 | CAD | 1 |
All data provided as of July 05, 2024.
More about Reconnaissance Energy Africa Ltd
Reconnaissance Energy Africa Ltd is a junior oil and gas company engaged in the exploration and development of oil and gas in Namibia and Botswana. It holds a substantial interest in a petroleum exploration license in northeast Namibia which covers the entire Kavango sedimentary basin. The Company's operating segments are: the exploration and evaluation of its African assets; the oil and gas operations in Mexico; and the corporate segment.
Reconnaissance Energy Africa Ltd is listed under RECO on the TSX Venture Exchange.
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