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

Amerigo Resources Ltd. (OTCMKTS:ARREF)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $5.39, but opened at $5.01. Amerigo Resources shares last traded at $5.41, with a volume of 18,496 shares traded.

Amerigo Resources Stock Up 2.4%

The company has a market cap of $891.18 million, a P/E ratio of 19.71 and a beta of 1.60. The firm’s 50-day moving average price is $4.74 and its 200-day moving average price is $4.34.

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