Amerigo Resources (OTCMKTS:ARREF) Shares Gap Down – What’s Next?

Shares of Amerigo Resources Ltd. (OTCMKTS:ARREFGet Free Report) gapped down before the market opened on Monday . The stock had previously closed at $6.15, but opened at $5.91. Amerigo Resources shares last traded at $5.9580, with a volume of 40,503 shares traded.

Amerigo Resources Trading Down 1.5%

The business’s 50-day simple moving average is $5.15 and its 200-day simple moving average is $4.64. The company has a market cap of $951.28 million, a PE ratio of 17.33 and a beta of 1.59.

Amerigo Resources (OTCMKTS:ARREFGet Free Report) last announced its quarterly 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. Amerigo Resources had a return on equity of 50.64% and a net margin of 20.87%.The business had revenue of $77.37 million during the quarter, compared to analysts’ expectations of $73.20 million.

Amerigo Resources Company Profile

(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.