Is ARGONAUT GOLD INC ORDINARY SHARES CANAD (OTCMKTS:ARNGF) a Buy? The Stock Reported Less Sellers

May 16, 2018 - By Donald McKee

The stock of ARGONAUT GOLD INC ORDINARY SHARES CANAD (OTCMKTS:ARNGF) registered a decrease of 65.61% in short interest. ARNGF’s total short interest was 122,300 shares in May as published by FINRA. Its down 65.61% from 355,600 shares, reported previously. With 43,500 shares average volume, it will take short sellers 3 days to cover their ARNGF’s short positions. The short interest to ARGONAUT GOLD INC ORDINARY SHARES CANAD’s float is 0.07%.

The stock decreased 0.50% or $0.01 during the last trading session, reaching $1.99. About 11,125 shares traded. Argonaut Gold Inc. (OTCMKTS:ARNGF) has 0.00% since May 16, 2017 and is . It has underperformed by 11.55% the S&P500.

Argonaut Gold Inc., a mining company, engages in the exploration, development, and production of gold and silver in North America. The company has market cap of $352.15 million. The companyÂ’s principal assets include the El Castillo mine located in the State of Durango, Mexico; the La Colorada mine situated in the State of Sonora, Mexico; the San Antonio gold project located in the State of Baja California Sur, Mexico; the San Agustin project situated in the State of Durango, Mexico; and the Magino gold project located in the province of Ontario, Canada. It has a 14.42 P/E ratio.

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