Shares of Amerigo Resources Ltd. (OTCMKTS:ARREF – Get Free Report) were down 6.6% on Thursday . The stock traded as low as $5.75 and last traded at $5.84. 16,963 shares traded hands during trading, a decline of 90% from the average session volume of 175,914 shares. The stock had previously closed at $6.25.
Amerigo Resources Stock Performance
The stock has a 50-day moving average of $5.40 and a 200-day moving average of $4.73. The firm has a market cap of $970.49 million, a price-to-earnings ratio of 17.68 and a beta of 1.62.
Amerigo Resources (OTCMKTS:ARREF – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. The firm 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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