Amerigo Resources (OTCMKTS:ARREF) Reaches New 52-Week High – Here’s Why

Amerigo Resources Ltd. (OTCMKTS:ARREF) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $5.54 and last traded at $5.54, with a volume of 20641 shares. The stock had previously closed at $5.12.

Amerigo Resources Stock Up 7.5%

The business’s 50 day simple moving average is $4.67 and its 200 day simple moving average is $4.26. The company has a market capitalization of $888.78 million, a PE ratio of 19.66 and a beta of 1.60.

Amerigo Resources (OTCMKTS:ARREF) last released its earnings results on Wednesday, April 29th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. Amerigo Resources had a net margin of 18.78% and a return on equity of 42.15%. The business 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.