Argonaut Gold Inc. (OTCMKTS:ARNGF) Sees Significant Drop in Short Interest

Argonaut Gold Inc. (OTCMKTS:ARNGF) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totalling 5,516,800 shares, a drop of 7.3% from the March 15th total of 5,953,400 shares. Based on an average daily volume of 3,002,700 shares, the short-interest ratio is currently 1.8 days.

Argonaut Gold Price Performance

OTCMKTS ARNGF opened at $0.30 on Monday. The company’s 50 day moving average is $0.25 and its 200-day moving average is $0.30. Argonaut Gold has a 12-month low of $0.16 and a 12-month high of $0.57.

Argonaut Gold Company Profile

Argonaut Gold Inc engages in production and sale of gold, and mine development and exploration businesses in North America. It also explores for silver. The company's flagship property is the 100% owned Magino mine property comprising seven patented mining claims, four leased mining claims, and 69 unpatented mining claims totaling 2,204.495 hectares located in Ontario, Canada.