OTC · Oil & Gas Exploration & Production

Reconnaissance Energy Africa Ltd. (RECAF) Stock

$0.61 +1.83% OTC: RECAF Energy

Reconnaissance Energy Africa Ltd. (RECAF) is an emerging upstream oil and gas company, dedicated to the exploration and development of hydrocarbon potential across Namibia and Botswana.

Valuation

MetricValue
Price$0.61
Market Cap$233.27M
P/E Ratio-17.46
P/B Ratio1.27
P/S Ratio0.00
EPS (TTM)$-0.05
52-Week High$0.99
52-Week Low$0.30
Dividend Yield0.00%

Financials & Margins

MetricValue
ROE-6.97%
ROA-5.98%
ROCE-6.29%
Gross Margin0.00%
Operating Margin0.00%
Net Margin0.00%
Debt/Equity0.00
Current Ratio10.74

Annual Financials (USD)

Metric20212022202320242025
Revenue$10.0M$0$0$0$0
Operating Profit$-32.0M$-37.0M$-21.0M$-24.0M$-16.0M
Net Profit$-263.0M$-58.0M$41.0M$-26.0M$-16.0M
EPS$-1.60$-0.18$0.31$-0.10$-0.05
Op Margin-311.9%————

Balance Sheet (USD)

Metric20212022202320242025
Total Assets$134.0M$190.0M$142.0M$196.0M$213.0M
Total Liabilities$49.0M$107.0M$5.0M$5.0M$5.0M
Cash$61.0M$56.0M$2.0M$11.0M$3.0M
Borrowings$0$95.0M$0$0$0

Latest News

Reconnaissance Energy Africa CEO discusses first hydrocarbon test success - ICYMI Proactive · Jul 25, 2026 Reconnaissance Energy Africa reports initial hydrocarbon production at Kavango West 1X Proactive · Jul 16, 2026 ReconAfrica Announces Hydrocarbon Flow from the Elandshoek Formation at Kavango West 1X, Proceeding to Test the Huttenberg Formation with Net Pay Identified GlobeNewswire · Jul 16, 2026 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 · Jul 8, 2026 ReconAfrica starts first production test – ICYMI Proactive · Jun 12, 2026

Cash Flow (USD)

Metric20212022202320242025
Operating Cash Flow$-12.0M$-28.0M$-15.0M$-20.0M$-10.0M
Investing Cash Flow$-57.0M$-144.0M$-17.0M$-83.0M$-70.0M
Financing Cash Flow$-3.0M$47.0M$-9.0M$74.0M$-3.0M
Net Cash Flow$54.0M$-5.0M$-37.0M$2.0M$-8.0M
Free Cash Flow$-47.0M$-79.0M$-32.0M$-61.0M$-45.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-0.23
EV / EBITDA-18.89
FCF Yield-13.14%
Quick Ratio10.74
Interest Coverage-756.57
Return 1Y61.60%
Return 3Y-50.73%
Return 5Y—

Ownership

Insiders Held7.26%
Institutions Held0.03%
Institutions Float Held0.03%
Institutional HolderSharesReport Date
Wesbanco Bank Inc.23,0002026-06-30
Miller Wealth Advisors, Llc20,0002026-06-30
First National Trust Company40,0002026-06-30
Ethos Financial Group, LLC 24,0002026-06-30
Thompson Investment Management, Inc.2,6532026-06-30

Peer Comparison

TickerPriceChangeP/EMarket CapDiv Yield
AFE.VAfrica Energy Corp. $0.20 -4.76% -21.00 $110.49M 0.00%
MER.TOMeren Energy Inc. $2.13 +5.45% 10.83 $1.52B 9.06%
SEI.VSintana Energy Inc. $0.39 -4.88% -31.66 $218.57M 0.00%

About Reconnaissance Energy Africa Ltd.

Reconnaissance Energy Africa Ltd. (RECAF) is an emerging upstream oil and gas company, dedicated to the exploration and development of hydrocarbon potential across Namibia and Botswana. The company holds a 90% interest in a substantial petroleum exploration license in Namibia, encompassing approximately 25,341.33 square kilometers. Additionally, RECAF possesses a full 100% working interest in a separate petroleum license, which extends over 8,990 square kilometers in northwestern Botswana. Its corporate headquarters are situated in Vancouver, Canada.

Reconnaissance Energy Africa Ltd. is headquartered in CA.

Reconnaissance Energy Africa Ltd. (RECAF) stock trades at $0.61 with a market capitalization of $233.27M. The stock is valued at a negative price-to-earnings (P/E) ratio of -17.46, reflecting a net loss over the last twelve months, price-to-book of 1.27, price-to-sales of 0.00. Over the past 52 weeks the stock has ranged between $0.30 and $0.99, and currently trades 38.4% below its 52-week high.

On profitability, Reconnaissance Energy Africa Ltd. generates a return on equity (ROE) of -6.97% (negative, reflecting a net loss), return on capital employed of -6.29%.

Official website: www.reconafrica.com

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