Amerigo Resources Ltd. (OTCMKTS:ARREF – Get Free Report) shares hit a new 52-week high on Tuesday . The stock traded as high as $6.21 and last traded at $6.21, with a volume of 176656 shares. The stock had previously closed at $5.92.
Amerigo Resources Price Performance
The firm has a market capitalization of $1.00 billion, a PE ratio of 18.29 and a beta of 1.59. The company’s fifty day simple moving average is $5.05 and its 200 day simple moving average is $4.58.
Amerigo Resources (OTCMKTS:ARREF – Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.04. Amerigo Resources had a net margin of 20.87% and a return on equity of 50.64%. The firm had revenue of $77.37 million during the quarter, compared to the consensus estimate of $73.20 million.
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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