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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the opening of Kavango Sedimentary Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. It holds 90% interest in a petroleum exploration license in northeast Namibia and a 100% interest in petroleum exploration rights in northwest Botswana over the entire Kavango Sedimentary Basin. The Company's exploration license covers an area of approximately 25,341.33 square kilometers (6.3 million acres) and 8,990 km2 (2.2 million acres) in Botswana. The two licenses together comprise 34,325 sq km (8.5 million acres). Its conventional drilling program is focused on analyzing the rocks to determine if there is a working petroleum system in the Kavango Basin.


TSXV:RECO - Post by User

Comment by GorgeousGeorge1on May 21, 2021 11:39pm
289 Views
Post# 33253325

RE:RE:RE:RE:RE:Short Positions

RE:RE:RE:RE:RE:Short PositionsThe daily volume has been very low lately. Obviously when there's a lack of buyers short interest (vs long) volume increases and you'll get a high read as a percentage of daily volume, it's just trading the volatility. A better read is short interest as a % of shares on issue. If it gets north of 5% then that would be a concern, that's not traders
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