Amerigo Resources Ltd. (OTCMKTS:ARREF – Get Free Report) shares traded down 9.2% on Tuesday . The company traded as low as $4.40 and last traded at $4.4120. Approximately 7,127 shares were traded during trading, a decline of 96% from the average daily volume of 191,261 shares. The stock had previously closed at $4.86.
Amerigo Resources Trading Down 5.3%
The company has a market cap of $717.97 million, a price-to-earnings ratio of 15.86 and a beta of 1.56. The stock’s fifty day simple moving average is $4.69 and its 200 day simple moving average is $4.10.
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, topping analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $66.17 million for the quarter, compared to analyst estimates of $56.80 million. Amerigo Resources had a net margin of 18.78% and a return on equity of 43.16%.
Amerigo Resources Company Profile
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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