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Reconnaissance Energy Africa Ltd (RECO)

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0.9400 +0.0300    +3.30%
12:17:00 - Delayed Data. Currency in CAD ( Disclaimer )
Type:  Equity
Market:  Canada
  • Volume: 156,835
  • Bid/Ask: 0.9400 / 0.9500
  • Day's Range: 0.9100 - 0.9500
Reconnaissance Energy Africa 0.9400 +0.0300 +3.30%

TSXV:RECO Financials

 
A brief overview of the TSXV:RECO financials. This summary provides an overview of the most significant critical numbers from each of its financial reports, including the income statement, balance sheet, and cash flow statement. Additionally, it features several financial ratios that provide insight into the company's financial health. Users can select to view data from four periods of either annual or quarterly information, allowing them to track financial performance of Reconnaissance Energy Africa Ltd over time.

Reconnaissance Energy Africa Ltd. reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported net income was CAD 17.52 million compared to CAD 12.93 million a year ago. Basic earnings per share from continuing operations was CAD 0.04 compared to CAD 0.02 a year ago. Diluted earnings per share from continuing operations was CAD 0.04 compared to CAD 0.02 a year ago.For the six months, net income was CAD 31.37 million compared to CAD 27.26 million a year ago. Basic earnings per share from continuing operations was CAD 0.07 compared to CAD 0.08 a year ago. Diluted earnings per share from continuing operations was CAD 0.07 compared to CAD 0.08 a year ago.

AnnualQuarterly  
InvestingPro Advanced Financial Summary
TTM = Trailing Twelve Months
MRQ = Most Recent Quarter

RECO Income Statement

Gross margin TTM 40.79%
Operating margin TTM -538.41%
Net Profit margin TTM 542.82%
Return on Investment TTM 0%
 Total Revenue  Net Income
Period Ending: Sep 30, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022
Total Revenue 0.784 1.51 1.69
Gross Profit -0.217 -0.544 0.583
Operating Income -7.65 -8.84 -10.24 -12.47
Net Income -17.52 -12.93 -14.32

RECO Balance Sheet

Quick Ratio MRQ 1.59
Current Ratio MRQ 3.74
LT Debt to Equity MRQ -
Total Debt to Equity MRQ -
 Total Assets  Total Liabilities
Period Ending: Sep 30, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022
Total Assets 188.59 190.35 186.59
Total Liabilities 123.68 83.39 68.95
Total Equity 64.9 106.96 117.64

RECO Cash Flow Statement

Cash Flow/Share TTM 0.05
Revenue/Share TTM 0.02
Operating Cash Flow  0.00%
 Cash  Net Change in Cash
Period Ending: Sep 30, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022
Period Length: 0 Months 0 Months 0 Months 0 Months
Cash From Operating Activities -0.279 -1.12
Cash From Investing Activities -15.32 -10.38
Cash From Financing Activities 0.006 0.133 1.41
Net Change in Cash -12.95 -15.43 -10.02
* In Millions of CAD (except for per share items)
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Dani Nassrallah
Dani Nassrallah Feb 03, 2023 12:45PM ET
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Where's the Jan. 2023 update?
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Ron Spencer
Ron Spencer Dec 28, 2022 7:03AM ET
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drilling one hole a year will take decades, plus late on everything for years
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Jean Mercredi
Jean Mercredi Aug 25, 2021 8:16PM ET
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great day
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John Kelly
John Kelly Aug 17, 2021 10:26AM ET
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Excellent time to grab some cheap shares.
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James Horne
James Horne Aug 17, 2021 10:26AM ET
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Hi John. What's your take on why the SP has fallen so suddenly here?
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JP BW
JP BW Aug 17, 2021 10:26AM ET
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I will enter 2.32 if it ever gets there and hold for 10 years
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John Kelly
John Kelly Aug 17, 2021 10:26AM ET
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Dam shorts is all I can say.
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Steven Debaets
Steven Debaets Jun 03, 2021 3:23AM ET
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Oil confirmed in well 1 and 2
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Brett Forster
Brett Forster Jun 03, 2021 3:23AM ET
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Why did it not pop?
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Steven Debaets
Steven Debaets Jun 03, 2021 3:23AM ET
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it did but a bit later
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Brett Forster
Brett Forster Jun 03, 2021 3:23AM ET
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Ya it did :)
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Bman Sand
Bman Sand Jun 03, 2021 3:23AM ET
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lol. ummmm no.
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Albert Galindo
Albert Galindo May 29, 2021 6:45PM ET
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RECAF:Given the current short-term trend, the stock is expected to rise 210.45% during the next 3 months and, with a 90% probability hold a price between $19.19 and $30.57 at the end of this 3-month period.
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John Kelly
John Kelly May 29, 2021 6:45PM ET
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Guess you were wrong dude.
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John Kelly
John Kelly May 29, 2021 6:45PM ET
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Guess you were wrong dude.
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Albert Galindo
Albert Galindo May 29, 2021 6:34PM ET
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Well guys and gals, I have the bulk of my investment in WLL, BCEI, OXY, ICD and now RECAF. Glad to be on board.
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Albert Galindo
Albert Galindo May 29, 2021 9:31AM ET
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In your opinion, where do you guys see this stock at in November of this year?
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Jits Life
Jits Life May 05, 2021 10:06AM ET
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most undervalued company on earf!
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Jean Mercredi
Jean Mercredi Apr 20, 2021 11:05AM ET
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It's over Jonny
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Brett Forster
Brett Forster Apr 20, 2021 11:05AM ET
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Do you mean its over for the bears?
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Jean Mercredi
Jean Mercredi Apr 20, 2021 11:05AM ET
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Brett Forster lol
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