Amerigo Resources (OTCMKTS:ARREF) Stock Price Down 9.2% – Here’s Why

Amerigo Resources Ltd. (OTCMKTS:ARREF) shares traded down 9.2% during trading on Tuesday . The company traded as low as $4.40 and last traded at $4.4120. 7,127 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 191,261 shares. The stock had previously closed at $4.86.

Amerigo Resources Price Performance

The company has a market cap of $717.97 million, a price-to-earnings ratio of 15.86 and a beta of 1.56. The firm has a 50 day simple moving average of $4.69 and a 200-day simple moving average of $4.10.

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

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.