RECAF
Reconnaissance Energy Africa Ltd.
OTC Markets OTCQXUSDEQUITY
DELAYED
Last price
0.49
▲ 0.01 (1.86%)
MARKET · —
Price
Too many bars for candle bodies at this width — showing high/low range per bar. Zoom in or pick a shorter range.
Open
0.48
Prev close
0.49
Day high
0.52
Day low
0.47
Volume
114.85K
Market cap
—
P/E (TTM)
—
52W range
0.30 – 0.99
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Trailing performance
Returnvs SPY
1W
-20.06%
-18.7%
1M
-16.27%
-20.0%
3M
-36.42%
-39.5%
6M
-23.88%
-34.9%
YTD
-27.67%
-40.0%
1Y
+41.95%
+22.0%
3Y
-53.83%
-128.0%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap—
Enterprise value—
Revenue (TTM)—
Gross profit—
EBITDA—
Net income—
EPS (TTM)—
Free cash flow—
Total cash—
Total debt—
Book value / share—
Shares outstanding—
Float—
Short % of float—
Dividend yield—
Beta (5Y)—
Valuation & profitability ratios
Trailing P/E—
Forward P/E—
PEG ratio—
Price / sales—
Price / book—
EV / revenue—
EV / EBITDA—
Gross margin—
Operating margin—
Profit margin—
Return on equity—
Return on assets—
Debt / equity—
Current ratio—
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2021 | YoY |
|---|---|---|---|---|
| Total revenue | $0 | $0 | $10.41M | — |
| Operating revenue | $0 | $0 | $10.41M | — |
| Cost of revenue | — | — | $8.92M | — |
| Gross profit | — | — | $1.49M | — |
| Research & development | — | — | $0 | — |
| Selling, general & admin | $15.85M | $20.83M | $32.63M | -23.9% |
| Total operating expense | $16.30M | $21.27M | $33.96M | -23.4% |
| Operating income | -$16.30M | -$21.27M | -$32.47M | +23.4% |
| Net interest income | — | — | -$3.55M | — |
| Pre-tax income | -$16.70M | $64.40M | -$263.11M | -125.9% |
| Tax provision | $889.03K | $123.92K | $294.11K | +617.4% |
| Net income | -$15.81M | $41.11M | -$263.41M | -138.5% |
| Net income to common | -$15.81M | $41.11M | -$263.41M | -138.5% |
| Basic EPS | -0.05 | 0.20 | -1.60 | -125.0% |
| Diluted EPS | -0.05 | 0.20 | -1.60 | -125.3% |
| EBIT | -$16.30M | -$21.27M | -$259.56M | +23.4% |
| EBITDA | -$16.30M | -$21.27M | -$259.53M | +23.4% |
| Basic shares | 295.07M | 208.07M | 164.64M | +41.8% |
| Diluted shares | 295.07M | 208.07M | 164.64M | +41.8% |
| Line item | 2025 | 2024 | 2021 | YoY |
|---|---|---|---|---|
| Cash & equivalents | $3.29M | $2.08M | $61.15M | +58.6% |
| Cash & short-term investments | $3.29M | $2.08M | $61.15M | +58.6% |
| Accounts receivable | — | $0 | $9.83M | — |
| Total current assets | $5.44M | $3.05M | $73.60M | +78.3% |
| Property, plant & equipment | $203.22M | $134.18M | $60.33M | +51.4% |
| Total assets | $212.61M | $142.30M | $133.93M | +49.4% |
| Total current liabilities | $2.96M | $4.41M | $47.65M | -32.9% |
| Total liabilities | $4.67M | $5.45M | $48.70M | -14.3% |
| Retained earnings | -$341.35M | -$306.00M | -$274.16M | -11.6% |
| Shareholder equity | $207.94M | $136.85M | $85.22M | +51.9% |
| Working capital | $2.48M | -$1.36M | $25.95M | +282.1% |
| Net tangible assets | $207.94M | $136.85M | $85.22M | +51.9% |
| Shares issued | 339.22M | 210.92M | 189.22M | +60.8% |
| Line item | 2025 | 2024 | 2021 | YoY |
|---|---|---|---|---|
| Net income | -$15.81M | $64.28M | -$263.41M | -124.6% |
| Depreciation & amortisation | — | — | $34.38K | — |
| Stock-based compensation | $4.49M | $5.87M | $17.87M | -23.5% |
| Change in working capital | $1.87M | $478.42K | $2.66M | +291.4% |
| Operating cash flow | -$10.31M | -$14.54M | -$11.71M | +29.1% |
| Capital expenditure | -$34.75M | -$17.11M | -$35.64M | -103.1% |
| Investing cash flow | -$34.75M | -$17.38M | -$21.32M | -99.9% |
| Financing cash flow | $36.93M | $8.57M | $87.40M | +330.8% |
| Free cash flow | -$45.07M | -$31.65M | -$47.35M | -42.4% |
| End cash position | $3.29M | $2.08M | $61.15M | +58.6% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | YoY |
|---|---|---|---|---|
| Total revenue | $0 | $0 | $0 | — |
| Operating revenue | $0 | $0 | $0 | — |
| Selling, general & admin | $3.52M | $3.26M | $4.39M | +8.1% |
| Total operating expense | $3.76M | $3.46M | $4.49M | +8.5% |
| Operating income | -$3.76M | -$3.46M | -$4.49M | -8.5% |
| Net interest income | -$20.53K | — | — | — |
| Pre-tax income | -$3.66M | -$3.76M | -$4.61M | +2.5% |
| Tax provision | — | $889.03K | $0 | — |
| Net income | -$3.66M | -$2.87M | -$4.61M | -27.7% |
| Net income to common | -$3.66M | -$2.87M | -$4.61M | -27.7% |
| Basic EPS | -0.01 | — | -0.01 | — |
| Diluted EPS | -0.01 | — | -0.01 | — |
| EBIT | -$3.64M | -$3.46M | -$4.49M | -5.3% |
| EBITDA | -$3.64M | -$3.46M | -$4.49M | -5.3% |
| Basic shares | 371.79M | — | 310.11M | — |
| Diluted shares | 371.79M | — | 310.11M | — |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | YoY |
|---|---|---|---|---|
| Cash & equivalents | $30.33M | $3.29M | $20.65M | +820.9% |
| Cash & short-term investments | $30.33M | $3.29M | $20.65M | +820.9% |
| Total current assets | $33.19M | $5.44M | $23.45M | +510.7% |
| Property, plant & equipment | $212.71M | $203.22M | $190.76M | +4.7% |
| Total assets | $249.93M | $212.61M | $218.23M | +17.6% |
| Total current liabilities | $3.09M | $2.96M | $3.78M | +4.4% |
| Total liabilities | $4.85M | $4.67M | $5.90M | +3.9% |
| Retained earnings | -$345.01M | -$341.35M | -$338.48M | -1.1% |
| Shareholder equity | $245.09M | $207.94M | $212.34M | +17.9% |
| Working capital | $30.10M | $2.48M | $19.67M | +1,115.2% |
| Net tangible assets | $245.09M | $207.94M | $212.34M | +17.9% |
| Shares issued | 381.13M | 339.22M | 337.71M | +12.4% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | YoY |
|---|---|---|---|---|
| Net income | -$3.66M | -$2.87M | -$4.61M | -27.7% |
| Stock-based compensation | $602.64K | $921.94K | $1.38M | -34.6% |
| Change in working capital | -$23.21K | $643.98K | -$1.61M | -103.6% |
| Operating cash flow | -$2.93M | -$2.03M | -$4.61M | -44.7% |
| Capital expenditure | -$6.05M | -$15.83M | -$11.10M | +61.8% |
| Investing cash flow | -$6.05M | -$15.83M | -$11.10M | +61.8% |
| Financing cash flow | $36.02M | $483.66K | $19.04M | +7,346.9% |
| Free cash flow | -$8.98M | -$17.86M | -$15.71M | +49.7% |
| End cash position | $30.33M | $3.29M | $20.65M | +820.9% |
Analyst targets & ownership
Mean target—
High target—
Low target—
Implied upside—
Analyst count—
Consensus—
Strong buy / Buy— / —
Hold—
Sell / Strong sell— / —
Held by insiders—
Held by institutions—
Institutions holding—
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
0.57
-13.04% from price
SMA 20
0.57
-13.76% from price
SMA 50
0.66
-24.88% from price
SMA 100
0.74
-33.04% from price
SMA 200
0.66
-25.64% from price
EMA 12
0.55
-10.03% from price
EMA 26
0.59
-15.89% from price
EMA 50
0.64
-22.33% from price
RSI (14)
34.8
Neutral
MACD (12,26,9)
-0.04
Hist -0.01
ATR (14)
0.07
13.90% of price
Realised vol 30D
93.5%
Annualised
Bollinger upper
0.68
20, 2σ
Bollinger lower
0.47
20, 2σ
50 / 200 cross
Death
0.66 vs 0.66
Trend bias
Below 200
-25.64%
Risk profile
Beta vs SPY
1.28
More volatile than market
Correlation to SPY
0.19
Largely independent
Realised vol 30D
93.5%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-49.1%
Peak to trough
Max drawdown 5Y
-95.3%
Peak to trough
ATR 14
0.07
13.90% of price
Beta (reported)
—
5Y monthly, from filing
Headlines
Reconnaissance Energy Africa reports progress across Namibia, Gabon and Angola operations during Q2
Proactive · 4d ago
ReconAfrica Announces Second Quarter 2026 Results
GlobeNewswire · 5d ago
ReconAfrica flows gas from second Huttenberg zone, moves to horizontal test
Proactive · 5d ago
ReconAfrica Announces Hydrocarbon Flow to Surface from the Huttenberg Formation at Kavango West 1X; Program to Continue with Open Hole Horizontal Testing
GlobeNewswire · 6d ago
Reconnaissance Energy Africa CEO discusses first hydrocarbon test success - ICYMI
Proactive · 29d ago
Reconnaissance Energy Africa reports initial hydrocarbon production at Kavango West 1X
Proactive · 37d ago
ReconAfrica Announces Hydrocarbon Flow from the Elandshoek Formation at Kavango West 1X, Proceeding to Test the Huttenberg Formation with Net Pay Identified
GlobeNewswire · 38d ago
EnerCom Announces Liberty Energy as a Keynote Speaker at the 31st Annual EnerCom Denver- The Energy Investment Conference, August 17-19, 2026, in Denver, Colorado
PR Newswire · 45d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.