Amerigo Resources (OTCMKTS:ARREF) Shares Gap Down – Time to Sell?

Amerigo Resources Ltd. (OTCMKTS:ARREF) shares gapped down before the market opened on Friday . The stock had previously closed at $3.99, but opened at $3.77. Amerigo Resources shares last traded at $3.90, with a volume of 47,844 shares traded.

Amerigo Resources Stock Performance

The firm’s 50 day simple moving average is $4.14 and its 200 day simple moving average is $2.91. The firm has a market capitalization of $612.55 million, a price-to-earnings ratio of 18.13 and a beta of 1.54.

Amerigo Resources (OTCMKTS:ARREF) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.04. Amerigo Resources had a net margin of 15.57% and a return on equity of 33.83%. The firm had revenue of $79.80 million for the quarter, compared to analyst estimates of $70.20 million. As a group, sell-side analysts forecast that Amerigo Resources Ltd. will post 0.14 earnings per share for the current year.

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.