Amerigo Resources (OTCMKTS:ARREF – Get Free Report) released its earnings results on Wednesday. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.08, Zacks reports.
Amerigo Resources Stock Up 2.4%
OTCMKTS:ARREF traded up $0.13 during midday trading on Wednesday, hitting $5.58. The stock had a trading volume of 10,055 shares, compared to its average volume of 179,204. Amerigo Resources has a one year low of $2.08 and a one year high of $6.46. The stock has a 50-day moving average of $5.91 and a 200 day moving average of $4.85.
Amerigo Resources Company Profile
Amerigo Resources Ltd. is a Canadian mining company focused on the production of copper and molybdenum. Through its Chilean subsidiary, Minera Valle Central (MVC), the company recovers these metals from fresh and historical tailings generated by Codelco’s El Teniente underground copper mine.
MVC operates near Rancagua, in Chile’s O’Higgins Region, and uses mineral-processing facilities to reprocess tailings and extract additional copper and molybdenum. This approach allows Amerigo to produce metals from previously mined material rather than operating a conventional greenfield mine.
Amerigo acquired its interest in MVC in 2003 and has expanded and improved the operation over time.
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