Shares of Amerigo Resources Ltd. (OTCMKTS:ARREF – Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as $5.6580 and last traded at $5.64, with a volume of 160059 shares. The stock had previously closed at $5.41.
Amerigo Resources Price Performance
The firm has a fifty day simple moving average of $4.81 and a 200 day simple moving average of $4.45. The company has a market cap of $913.78 million, a price-to-earnings ratio of 16.65 and a beta of 1.59.
Amerigo Resources (OTCMKTS:ARREF – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.04. The company had revenue of $77.37 million during the quarter, compared to analysts’ expectations of $73.20 million. Amerigo Resources had a return on equity of 50.64% and a net margin of 20.87%.
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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