Amerigo Resources (OTCMKTS:ARREF) Stock Price Down 4.6% – Should You Sell?

Amerigo Resources Ltd. (OTCMKTS:ARREF) traded down 4.6% during mid-day trading on Monday . The stock traded as low as $6.0880 and last traded at $6.0880. 24,988 shares were traded during trading, a decline of 86% from the average daily volume of 184,876 shares. The stock had previously closed at $6.38.

Amerigo Resources Stock Performance

The company has a market cap of $980.20 million, a PE ratio of 17.85 and a beta of 1.62. The company has a fifty day moving average of $5.61 and a two-hundred day moving average of $4.81.

Amerigo Resources (OTCMKTS:ARREF) last issued 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. The company had revenue of $77.37 million for the quarter, compared to the consensus estimate of $73.20 million. Amerigo Resources had a net margin of 20.87% and a return on equity of 50.64%.

Amerigo Resources Company Profile

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.