Amerigo Resources (OTCMKTS:ARREF) Shares Gap Up – Time to Buy?

Amerigo Resources Ltd. (OTCMKTS:ARREF – Get Free Report)’s stock price gapped up prior to trading on Tuesday. The stock had previously closed at $5.6006, but opened at $6.00. Amerigo Resources shares last traded at $5.83, with a volume of 2,399 shares changing hands.

Amerigo Resources Stock Up 1.0%

The business’s 50 day moving average price is $5.88 and its 200-day moving average price is $4.93. The company has a market cap of $975.35 million, a PE ratio of 13.70 and a beta of 1.68.

Amerigo Resources (OTCMKTS:ARREF – Get Free Report) last announced its earnings results on Wednesday, October 28th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.08. Amerigo Resources had a net margin of 23.89% and a return on equity of 63.48%. The business had revenue of $84.62 million during the quarter, compared to the consensus estimate of $74.50 million.

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