Amerigo Resources Ltd. (OTCMKTS:ARREF – Get Free Report) fell 4.6% during trading on Monday . The stock traded as low as $6.0880 and last traded at $6.0880. 24,988 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 184,876 shares. The stock had previously closed at $6.38.
Amerigo Resources Stock Up 5.2%
The company has a market cap of $1.04 billion, a P/E ratio of 18.94 and a beta of 1.62. The business has a 50-day moving average price of $5.65 and a two-hundred day moving average price of $4.84.
Amerigo Resources (OTCMKTS:ARREF – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.04. The business had revenue of $77.37 million for 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%.
Amerigo Resources Company Profile
Amerigo Resources Ltd. is a Vancouver-based copper producer focused on extracting copper and molybdenum from mine tailings in Chile. Through its subsidiary Minera Valle Central (MVC), the company processes both fresh and historical tailings generated by Codelco’s El Teniente copper mine.
MVC’s operations are located near Rancagua, in Chile’s O’Higgins Region. The facility recovers residual metals from tailings that would otherwise require long-term storage, producing copper concentrate and molybdenum concentrate for sale to international markets.
Amerigo was established in 2003 and has built its business around tailings-reprocessing technology and long-term arrangements connected to El Teniente.
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