Amerigo Resources (OTCMKTS:ARREF) Stock Price Up 8.9% – Here’s What Happened

Amerigo Resources Ltd. (OTCMKTS:ARREF)’s stock price shot up 8.9% on Monday . The stock traded as high as $4.57 and last traded at $4.57. 106,357 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 229,754 shares. The stock had previously closed at $4.1955.

Amerigo Resources Price Performance

The firm has a 50 day simple moving average of $4.00 and a two-hundred day simple moving average of $3.22. The stock has a market cap of $747.28 million, a price-to-earnings ratio of 22.01 and a beta of 1.63.

Amerigo Resources (OTCMKTS:ARREF) last released its earnings results on Wednesday, February 25th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.04. Amerigo Resources had a return on equity of 33.00% and a net margin of 15.57%.The firm had revenue of $79.80 million for the quarter, compared to analyst estimates of $70.20 million. On average, sell-side analysts expect that Amerigo Resources Ltd. will post 0.14 earnings per share for the current fiscal year.

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.