Amerigo Resources (OTCMKTS:ARREF) Hits New 12-Month High – Here’s What Happened

Amerigo Resources Ltd. (OTCMKTS:ARREF) hit a new 52-week high on Thursday . The company traded as high as $5.63 and last traded at $5.5650, with a volume of 117417 shares trading hands. The stock had previously closed at $5.39.

Amerigo Resources Stock Performance

The firm’s 50-day moving average is $4.74 and its 200 day moving average is $4.36. The stock has a market cap of $898.47 million, a PE ratio of 19.88 and a beta of 1.60.

Amerigo Resources (OTCMKTS:ARREF) last posted 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 return on equity of 42.15% and a net margin of 18.78%.The company had revenue of $66.17 million during the quarter, compared to analysts’ expectations of $56.80 million.

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.