Amerigo Resources (OTCMKTS:ARREF) Reaches New 1-Year High – Here’s What Happened

Shares of Amerigo Resources Ltd. (OTCMKTS:ARREF) reached a new 52-week high on Wednesday . The stock traded as high as $5.0465 and last traded at $5.04, with a volume of 99885 shares traded. The stock had previously closed at $4.90.

Amerigo Resources Trading Up 6.3%

The company has a 50 day simple moving average of $4.14 and a 200 day simple moving average of $3.59. The stock has a market cap of $842.35 million, a P/E ratio of 18.61 and a beta of 1.54.

Amerigo Resources (OTCMKTS:ARREF) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. Amerigo Resources had a net margin of 18.78% and a return on equity of 43.16%. The company had revenue of $66.17 million for the quarter, compared to the consensus estimate of $56.80 million.

Amerigo Resources Company Profile

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.