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

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

OTCMKTS:ARREF opened at $1.00 on Wednesday. Amerigo Resources has a one year low of $0.37 and a one year high of $1.35. 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 stock has a market cap of $181.70 million, a PE ratio of 5.00 and a beta of 3.52. The stock has a 50 day moving average price of $0.99 and a 200 day moving average price of $0.96.

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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