Amerigo Resources (OTCMKTS:ARREF) Stock Price Down 5.2% – Here’s Why

Shares of Amerigo Resources Ltd. (OTCMKTS:ARREF) traded down 5.2% during mid-day trading on Monday . The stock traded as low as $4.5899 and last traded at $4.6080. 74,428 shares traded hands during trading, a decline of 66% from the average session volume of 222,014 shares. The stock had previously closed at $4.86.

Amerigo Resources Price Performance

The firm has a market cap of $768.61 million, a PE ratio of 22.64 and a beta of 1.63. The stock has a 50-day moving average price of $4.06 and a 200 day moving average price of $3.32.

Amerigo Resources (OTCMKTS:ARREF) last released 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 33.00% and a net margin of 15.57%.The firm had revenue of $79.80 million for the quarter, compared to the consensus estimate of $70.20 million. As a group, equities research analysts anticipate that Amerigo Resources Ltd. will post 0.14 earnings per share 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.