Amerigo Resources Ltd. (OTCMKTS:ARREF – Get Free Report)’s share price dropped 6.6% during mid-day trading on Thursday . The stock traded as low as $5.75 and last traded at $5.84. Approximately 16,963 shares were traded during trading, a decline of 90% from the average daily volume of 175,914 shares. The stock had previously closed at $6.25.
Amerigo Resources Stock Performance
The firm has a market capitalization of $970.49 million, a price-to-earnings ratio of 17.68 and a beta of 1.62. The business’s 50-day moving average is $5.40 and its two-hundred day moving average is $4.73.
Amerigo Resources (OTCMKTS:ARREF – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. Amerigo Resources had a net margin of 20.87% and a return on equity of 50.64%. The firm 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 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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