Amerigo Resources (OTCMKTS:ARREF) Sets New 1-Year High – Here’s Why

Amerigo Resources Ltd. (OTCMKTS:ARREF)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $6.21 and last traded at $6.21, with a volume of 176656 shares trading hands. The stock had previously closed at $5.92.

Amerigo Resources Stock Performance

The company’s 50 day simple moving average is $5.05 and its 200-day simple moving average is $4.58. The firm has a market capitalization of $1.00 billion, a PE ratio of 18.29 and a beta of 1.59.

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

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.