Reconnaissance Energy Africa Ltd (RECAF) Stock Turns Volatile: Down 35% in a Week
The carnage in the Reconnaissance Energy Africa Ltd (OTCMKTS:RECAF) continued on Tuesday as investors continued to head for the exits. The Reconnaissance Energy stock declined by 9% yesterday amidst the selloff and took the losses for the past week to as much as 35%. However, it is perhaps more important for investors to note that the company responded yesterday to a short seller report that had been prepared by Viceroy…