Amerigo Resources Ltd. (OTCMKTS:ARREF) Sees Significant Growth in Short Interest

Amerigo Resources Ltd. (OTCMKTS:ARREF) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 11,600 shares, a growth of 582.4% from the August 15th total of 1,700 shares. Based on an average daily volume of 151,900 shares, the short-interest ratio is currently 0.1 days.

Shares of ARREF stock opened at $1.00 on Wednesday. The stock’s 50-day simple moving average is $0.99 and its 200-day simple moving average is $0.96. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.17 and a current ratio of 1.33. The firm has a market capitalization of $181.70 million, a PE ratio of 5.00 and a beta of 3.52. Amerigo Resources has a fifty-two week low of $0.37 and a fifty-two week high of $1.35.

About Amerigo Resources

Amerigo Resources Ltd. is engaged in the production and sale of copper and molybdenum concentrates. The company was founded by Klaus Zeitle on January 23, 1984 and is headquartered in Vancouver, Canada.

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