Shares of Amerigo Resources Ltd. (OTCMKTS:ARREF – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $6.21 and last traded at $5.57, with a volume of 108620 shares changing hands. The stock had previously closed at $5.50.
Amerigo Resources Price Performance
The stock’s 50 day moving average is $4.99 and its two-hundred day moving average is $4.55. The stock has a market capitalization of $873.45 million, a PE ratio of 15.91 and a beta of 1.59.
Amerigo Resources (OTCMKTS:ARREF – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.07 by $0.04. Amerigo Resources had a net margin of 20.87% and a return on equity of 50.64%. The company 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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