Is Buying Auryn Resources Inchares (NYSEAMERICAN:AUG), Having Higher Short Interest a Winning Strategy?

June 19, 2018 - By Henry Gaston

The stock of Auryn Resources Inchares (NYSEAMERICAN:AUG) registered an increase of 0.16% in short interest. AUG’s total short interest was 563,900 shares in June as published by FINRA. Its up 0.16% from 563,000 shares, reported previously. With 82,100 shares average volume, it will take short sellers 7 days to cover their AUG’s short positions. The short interest to Auryn Resources Inchares’s float is 1.02%.

It closed at $1.08 lastly. It is down 45.75% since June 19, 2017 and is downtrending. It has underperformed by 58.32% the S&P500.

Auryn Resources Inc., a junior exploration company, engages in the acquisition, exploration, and development of resource properties in Canada and Peru. The company has market cap of $95.64 million. It holds a 100% interest in the Committee Bay gold project, which covers an area of approximately 380,000 hectares, as well as Gibsons MacQuoid project consisting of a total of 329,000 hectares located in Nunavut, Canada. It has a 360 P/E ratio. The firm also holds a 100% interest in the Homestake Ridge Project, which covers an area of approximately 7,500 hectares within the Iskut-Stewart-Kitsault belt in north-western British Columbia; and a portfolio of projects in southern Peru.

Another recent and important Auryn Resources Inc. (NYSEAMERICAN:AUG) news was published by Investingnews.com which published an article titled: “Auryn Trenches 99 meters of 0.46 Percent Copper Equivalent, 193 g/t Gold at Sombrero” on June 19, 2018.

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