Amerigo Resources (OTCMKTS:ARREF) Stock Price Down 9.2% – Should You Sell?

Amerigo Resources Ltd. (OTCMKTS:ARREF)’s stock price traded down 9.2% on Tuesday . The stock traded as low as $4.40 and last traded at $4.4120. Approximately 7,127 shares changed hands during trading, a decline of 96% from the average daily volume of 191,261 shares. The stock had previously closed at $4.86.

Amerigo Resources Stock Down 5.9%

The company has a market cap of $667.82 million, a price-to-earnings ratio of 14.75 and a beta of 1.56. The company’s 50-day moving average is $4.69 and its 200 day moving average is $4.12.

Amerigo Resources (OTCMKTS:ARREF) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. Amerigo Resources had a net margin of 18.78% and a return on equity of 43.16%. The business had revenue of $66.17 million during the quarter, compared to the consensus estimate of $56.80 million.

Amerigo Resources Company Profile

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.