Amerigo Resources (OTCMKTS:ARREF) Reaches New 1-Year High – Here’s What Happened

Amerigo Resources Ltd. (OTCMKTS:ARREF) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $5.0465 and last traded at $5.04, with a volume of 99885 shares trading hands. The stock had previously closed at $4.90.

Amerigo Resources Trading Up 6.3%

The company has a 50 day moving average of $4.14 and a 200 day moving average of $3.59. The firm has a market cap of $842.35 million, a price-to-earnings ratio of 18.61 and a beta of 1.54.

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

About Amerigo Resources

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.