Amerigo Resources (OTCMKTS:ARREF) Reaches New 1-Year High – Here’s What Happened

Amerigo Resources Ltd. (OTCMKTS:ARREFGet Free Report)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $6.20 and last traded at $5.75, with a volume of 139356 shares changing hands. The stock had previously closed at $5.93.

Amerigo Resources Price Performance

The stock’s fifty day simple moving average is $4.88 and its 200-day simple moving average is $4.51. The stock has a market cap of $928.31 million, a P/E ratio of 16.91 and a beta of 1.59.

Amerigo Resources (OTCMKTS:ARREFGet Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.11 EPS 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 analyst estimates of $73.20 million. Amerigo Resources had a return on equity of 50.64% and a net margin of 20.87%.

About Amerigo Resources

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Amerigo Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amerigo Resources and related companies with MarketBeat.com's FREE daily email newsletter.