Amerigo Resources (OTCMKTS:ARREF) Shares Gap Down – Time to Sell?

Amerigo Resources Ltd. (OTCMKTS:ARREF) shares gapped down prior to trading 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 Down 2.0%

The stock has a market capitalization of $880.55 million, a PE ratio of 19.48 and a beta of 1.60. The stock’s 50 day moving average price is $4.75 and its 200-day moving average price is $4.37.

Amerigo Resources (OTCMKTS:ARREF) last released its earnings results on Wednesday, April 29th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The company had revenue of $66.17 million for the quarter, compared to analysts’ expectations of $56.80 million. Amerigo Resources had a net margin of 18.78% and a return on equity of 42.15%.

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.