Amerigo Resources (OTCMKTS:ARREF) Hits New 1-Year High – Here’s Why

Amerigo Resources Ltd. (OTCMKTS:ARREF)’s share price reached a new 52-week high on Monday . The company traded as high as $6.39 and last traded at $6.39, with a volume of 101145 shares traded. The stock had previously closed at $5.98.

Amerigo Resources Price Performance

The company has a market capitalization of $949.18 million, a P/E ratio of 17.29 and a beta of 1.62. The stock’s fifty day simple moving average is $5.52 and its 200-day simple moving average is $4.78.

Amerigo Resources (OTCMKTS:ARREF) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.11 earnings per share for the quarter, topping 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.

About Amerigo Resources

Amerigo Resources Ltd. is a Vancouver-based copper producer focused on extracting copper and molybdenum from mine tailings in Chile. Through its subsidiary Minera Valle Central (MVC), the company processes both fresh and historical tailings generated by Codelco’s El Teniente copper mine.

MVC’s operations are located near Rancagua, in Chile’s O’Higgins Region. The facility recovers residual metals from tailings that would otherwise require long-term storage, producing copper concentrate and molybdenum concentrate for sale to international markets.

Amerigo was established in 2003 and has built its business around tailings-reprocessing technology and long-term arrangements connected to El Teniente.