Amerigo Resources (OTCMKTS:ARREF) Stock Jumps 5.1% – Here’s Why

Amerigo Resources Ltd. (OTCMKTS:ARREF)’s stock price rose 5.1% on Tuesday. The stock traded as high as $6.22 and last traded at $6.22. 33,097 shares were traded during trading, a decline of 82% from the average daily volume of 180,253 shares. The stock had previously closed at $5.92.

Amerigo Resources Stock Performance

The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 18.43 and a beta of 1.62. The business’s 50-day simple moving average is $5.92 and its 200-day simple moving average is $5.07.

Amerigo Resources (OTCMKTS:ARREF) last issued its earnings results on Wednesday, July 29th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.04. The company had revenue of $77.37 million for the quarter, compared to analyst estimates of $73.20 million. Amerigo Resources had a net margin of 20.87% and a return on equity of 50.64%.

Amerigo Resources Company Profile

Amerigo Resources Ltd. is a Canadian mining company focused on the production of copper and molybdenum in Chile. Rather than operating a conventional mine, the company recovers metals from fresh and historical tailings generated by Codelco’s El Teniente copper mine, one of the world’s largest underground copper operations.

Amerigo’s primary operating asset is Minera Valle Central (MVC), located near Rancagua, Chile. MVC processes mine tailings to produce copper concentrate and molybdenum concentrate, using mineral-processing and recovery facilities designed to extract additional value from material that has already been mined.