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

Shares of Amerigo Resources Ltd. (OTCMKTS:ARREF) were 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 traded hands during mid-day 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 stock has a market capitalization of $980.20 million, a P/E ratio of 17.85 and a beta of 1.62. The firm has a fifty day moving average price of $5.61 and a two-hundred day moving average price of $4.81.

Amerigo Resources (OTCMKTS:ARREF) last posted its earnings results on Wednesday, July 29th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 50.64% and a net margin of 20.87%.

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.