Amerigo Resources (OTCMKTS:ARREF) Shares Gap Up – Time to Buy?

Amerigo Resources Ltd. (OTCMKTS:ARREF) shares gapped up prior to trading on Thursday . The stock had previously closed at $4.5589, but opened at $4.95. Amerigo Resources shares last traded at $4.64, with a volume of 3,152 shares trading hands.

Amerigo Resources Trading Down 2.6%

The company’s fifty day moving average is $4.22 and its 200 day moving average is $3.71. The company has a market capitalization of $732.41 million, a P/E ratio of 16.18 and a beta of 1.54.

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

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.