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

June 18, 2018 - By Stephen Andrade

Amerigo Resources Ltd. (OTCMKTS:ARREF) Logo

The stock of AMERIGO RESOURCES LTD. ORDINARY SHARES (OTCMKTS:ARREF) registered a decrease of 96% in short interest. ARREF’s total short interest was 100 shares in June as published by FINRA. Its down 96% from 2,500 shares, reported previously.

The stock 0.08% or $0 during the last trading session, reaching $0.76. It is down 0.00% since June 18, 2017 and is . It has underperformed by 12.57% 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 $138.01 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 12.88 P/E ratio.

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