Is Buying ROXGOLD INC ORDINARY SHARES CANADA (OTCMKTS:ROGFF), Having Lower Short Interest a Winning Strategy?

The stock of ROXGOLD INC ORDINARY SHARES CANADA (OTCMKTS:ROGFF) registered a decrease of 95.4% in short interest. ROGFF’s total short interest was 3,000 shares in July as published by FINRA. Its down 95.4% from 65,200 shares, reported previously. With 48,400 shares average volume, it will take short sellers 0 days to cover their ROGFF’s short positions.

The stock decreased 4.65% or $0.039 during the last trading session, reaching $0.8. About 104,700 shares traded or 218.71% up from the average. Roxgold Inc. (OTCMKTS:ROGFF) has 0.00% since July 12, 2018 and is . It has underperformed by 4.43% the S&P500.

Roxgold Inc. operates as a gold mining company. The company has market cap of $293.32 million. The Company’s principal asset is the Yaramoko gold project that covers an area of approximately 196 square kilometers located in the Houndé greenstone belt of Burkina Faso, West Africa. It has a 15.38 P/E ratio.

More notable recent Roxgold Inc. (OTCMKTS:ROGFF) news were published by: Seekingalpha.com which released: “Roxgold Sets Foot On The Ivory Coast – Seeking Alpha” on February 19, 2019, also Seekingalpha.com with their article: “Roxgold Inc. 2017 Q2 – Results – Earnings Call Slides – Seeking Alpha” published on August 15, 2017, Seekingalpha.com published: “Roxgold: Burkina Faso’s Next High-Grade Gold Producer – Seeking Alpha” on September 19, 2014. More interesting news about Roxgold Inc. (OTCMKTS:ROGFF) were released by: Seekingalpha.com and their article: “Roxgold to buy Côte d’Ivoire gold project from Newcrest in $30M deal – Seeking Alpha” published on February 12, 2019 as well as Seekingalpha.com‘s news article titled: “Roxgold: Is There A High-Grading Problem? – Seeking Alpha” with publication date: March 28, 2019.

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