Amerigo Resources (NASDAQ:ARREF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

According to Zacks, “Amerigo Resources Ltd., through its subsidiary, is engaged in producing and selling copper and molybdenum concentrates primarily in Chile. Amerigo Resources Ltd. is headquartered in Vancouver, Canada. “

Shares of Amerigo Resources (NASDAQ:ARREF) traded up 4.1454% on Wednesday, reaching $0.5728. 142,832 shares of the company traded hands. The company’s market capitalization is $100.49 million. The firm’s 50 day moving average is $0.45 and its 200 day moving average is $0.43. Amerigo Resources has a one year low of $0.10 and a one year high of $0.63.

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