Amerigo Resources (OTCMKTS:ARREF) Stock Price Up 6.1% – Time to Buy?

Amerigo Resources Ltd. (OTCMKTS:ARREF) shares were up 6.1% during trading on Friday . The company traded as high as $4.8680 and last traded at $4.8680. 3,670 shares changed hands during trading, a decline of 98% from the average daily volume of 185,629 shares. The stock had previously closed at $4.59.

Amerigo Resources Trading Up 3.4%

The stock has a 50 day moving average of $4.64 and a 200-day moving average of $4.23. The stock has a market capitalization of $808.30 million, a P/E ratio of 17.88 and a beta of 1.60.

Amerigo Resources (OTCMKTS:ARREF) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02. Amerigo Resources had a return on equity of 42.15% and a net margin of 18.78%.The company had revenue of $66.17 million for the quarter, compared to the consensus estimate of $56.80 million.

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.