Amerigo Resources Ltd. (OTCMKTS:ARREF – Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $5.33, but opened at $5.99. Amerigo Resources shares last traded at $5.4810, with a volume of 823 shares traded.
Amerigo Resources Trading Up 2.8%
The company has a fifty day moving average of $4.97 and a 200-day moving average of $4.54. The stock has a market cap of $884.91 million, a PE ratio of 16.12 and a beta of 1.59.
Amerigo Resources (OTCMKTS:ARREF – Get Free Report) last released its earnings results 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 the consensus estimate 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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