Recon Africa (RECAF) Surges 11% For Past Week: Any Bullish Sign?

Last Friday OTC: RECAF fell by 2.38% to $4.1486 which was a sign of correction after an aggressive rally on Wednesday’s session. Additionally, it has been rallying for two weeks after announcing a joint venture on the Kavango mining site and British Columbia Securities Commission confirmed Recon Africa is not under investigation.

Two positive news have seriously pushed the stock by 32.54% by strengthening its value among OTC stocks that usually cost pennies.

RECAF ticker symbol has a direct correlation with RECO.V, Vancouver listed shares. If they rise a bit in value the OTC shares usually jump steeply. On the upcoming Monday experienced day, traders might test this out to predict RECAF’s next move.