Amerigo Resources (OTCMKTS:ARREF) Trading Up 6.1% – Here’s What Happened

Shares of Amerigo Resources Ltd. (OTCMKTS:ARREF) were up 6.1% during trading on Friday . The company traded as high as $4.8680 and last traded at $4.8680. 3,670 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 185,629 shares. The stock had previously closed at $4.59.

Amerigo Resources Price Performance

The stock’s 50-day moving average price is $4.64 and its 200 day moving average price is $4.23. The firm has a market capitalization of $808.30 million, a PE ratio of 17.88 and a beta of 1.60.

Amerigo Resources (OTCMKTS:ARREF) last announced its quarterly earnings results 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 return on equity of 42.15% and a net margin of 18.78%.The firm had revenue of $66.17 million during the quarter, compared to analyst estimates of $56.80 million.

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.