- The price of Reconnaissance Energy Africa stock (OTCQX:RECAF;TSXV:RECO) has been stuck in a downward spiral since allegations of corruption were reported in 2021, making my forecast a decidedly negative one over the next few years
- In the bullish camp, the company benefits from governmental support and early indications of a massive resource
- In the bearish camp, allegedly nefarious dealings with the government and inflated promotional coverage make the company look like a smoke-and-mirrors affair
- Reconnaissance Energy Africa stock (OTCQX:RECAF;TSXV:RECO) is down by more than 92 per cent from its all-time-high, but has grown by 284.21 per cent since inception in 2019
The price of Reconnaissance Energy Africa stock (OTCQX:RECAF;TSXV:RECO) has been stuck in a downward spiral since allegations of corruption were reported in 2021, making my forecast a decidedly negative one over the next few years.
The potentially grave…
