Amerigo Resources (OTCMKTS:ARREF) Shares Gap Up – Time to Buy?

Amerigo Resources Ltd. (OTCMKTS:ARREF)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $3.51, but opened at $3.63. Amerigo Resources shares last traded at $3.4480, with a volume of 25,894 shares changing hands.

Amerigo Resources Trading Down 1.0%

The company’s 50 day moving average is $4.15 and its 200 day moving average is $3.03. The company has a market cap of $559.14 million, a PE ratio of 16.55 and a beta of 1.54.

Amerigo Resources (OTCMKTS:ARREF) last issued its earnings results on Wednesday, February 25th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.04. Amerigo Resources had a return on equity of 33.83% and a net margin of 15.57%.The business had revenue of $79.80 million during the quarter, compared to analysts’ expectations of $70.20 million. Analysts expect that Amerigo Resources Ltd. will post 0.14 EPS for the current year.

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.