Amerigo Resources (OTCMKTS:ARREF) Shares Up 5.1% – What’s Next?

Amerigo Resources Ltd. (OTCMKTS:ARREF) traded up 5.1% on Tuesday. The company traded as high as $6.22 and last traded at $6.22. 33,097 shares were traded during trading, a decline of 82% from the average daily volume of 180,253 shares. The stock had previously closed at $5.92.

Amerigo Resources Stock Performance

The company has a market capitalization of $964.57 million, a P/E ratio of 17.56 and a beta of 1.62. The firm has a 50 day moving average price of $5.96 and a two-hundred day moving average price of $5.10.

Amerigo Resources (OTCMKTS:ARREF) last issued its earnings results on Wednesday, July 29th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. The business had revenue of $77.37 million during the quarter, compared to analysts’ expectations of $73.20 million. Amerigo Resources had a return on equity of 50.64% and a net margin of 20.87%.

Amerigo Resources Company Profile

Amerigo Resources Ltd. is a Canadian mining company focused on the production of copper and molybdenum in Chile. Rather than operating a conventional mine, the company recovers metals from fresh and historical tailings generated by Codelco’s El Teniente copper mine, one of the world’s largest underground copper operations.

Amerigo’s primary operating asset is Minera Valle Central (MVC), located near Rancagua, Chile. MVC processes mine tailings to produce copper concentrate and molybdenum concentrate, using mineral-processing and recovery facilities designed to extract additional value from material that has already been mined.