Amerigo Resources Ltd. (OTCMKTS:ARREF – Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $4.5589, but opened at $4.95. Amerigo Resources shares last traded at $4.64, with a volume of 3,152 shares trading hands.
Amerigo Resources Price Performance
The stock has a market capitalization of $732.41 million, a PE ratio of 16.18 and a beta of 1.54. The stock’s 50 day simple moving average is $4.22 and its two-hundred day simple moving average is $3.71.
Amerigo Resources (OTCMKTS:ARREF – Get Free Report) last released its earnings results on Wednesday, April 29th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The firm had revenue of $66.17 million for the quarter, compared to analysts’ expectations of $56.80 million. Amerigo Resources had a net margin of 18.78% and a return on equity of 43.16%.
About Amerigo Resources
Amerigo Resources Ltd. is a Canada-based mineral resource development company focused on copper deposits in Chile. Its primary asset, the Minera Valle Central (MVC) project, recovers copper from tailings produced by Codelco’s Salvador Division and processes the material into copper concentrate. By leveraging existing plant infrastructure and water rights, Amerigo’s MVC operation delivers a lower-impact, cost-effective source of high-grade copper for global markets.
Amerigo holds the operating licence for MVC under a joint-venture framework with Codelco, Chile’s state-owned mining company.
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