Amerigo Resources (OTCMKTS:ARREF) Sets New 52-Week High – Here’s What Happened

Amerigo Resources Ltd. (OTCMKTS:ARREFGet Free Report)’s share price hit a new 52-week high on Thursday . The company traded as high as $5.6580 and last traded at $5.64, with a volume of 160059 shares changing hands. The stock had previously closed at $5.41.

Amerigo Resources Trading Up 4.6%

The stock has a market capitalization of $913.78 million, a price-to-earnings ratio of 16.65 and a beta of 1.59. The firm has a 50-day moving average of $4.81 and a 200 day moving average of $4.45.

Amerigo Resources (OTCMKTS:ARREFGet Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. Amerigo Resources had a return on equity of 50.64% and a net margin of 20.87%.The firm had revenue of $77.37 million during the quarter, compared to analyst estimates of $73.20 million.

Amerigo Resources Company Profile

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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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