Amerigo Resources (OTCMKTS:ARREF) Shares Gap Down – Here’s What Happened

Amerigo Resources Ltd. (OTCMKTS:ARREF) shares gapped down prior to trading on Wednesday . The stock had previously closed at $5.29, but opened at $4.49. Amerigo Resources shares last traded at $5.1341, with a volume of 11,912 shares traded.

Amerigo Resources Price Performance

The stock has a fifty day moving average price of $4.36 and a two-hundred day moving average price of $3.86. The company has a market cap of $819.26 million, a P/E ratio of 18.08 and a beta of 1.56.

Amerigo Resources (OTCMKTS:ARREF) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $66.17 million during 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.