Is Buying AMERIGO RESOURCES LTD. ORDINARY SHARES (OTCMKTS:ARREF), Having Higher Short Interest a Winning Strategy?

September 16, 2018 - By Mary Gaskins

Amerigo Resources Ltd. (OTCMKTS:ARREF) Logo

The stock of AMERIGO RESOURCES LTD. ORDINARY SHARES (OTCMKTS:ARREF) registered an increase of 125% in short interest. ARREF’s total short interest was 3,600 shares in September as published by FINRA. Its up 125% from 1,600 shares, reported previously.

The stock 0.24% or $0 during the last trading session, reaching $0.59. It is down 0.00% since September 16, 2017 and is . It has underperformed by 15.62% the S&P500.

Amerigo Resources Ltd., through its subsidiary, Minera Valle Central S.A., produces and sells copper and molybdenum concentrates in Chile. The company has market cap of $105.04 million. The firm was formerly known as Golden Temple Mining Corp. and changed its name to Amerigo Resources Ltd. in March 2002. It has a 7.56 P/E ratio.

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