Amerigo Resources (OTCMKTS:ARREF) Reaches New 12-Month High – Here’s Why

Shares of Amerigo Resources Ltd. (OTCMKTS:ARREF) reached a new 52-week high during trading on Wednesday . The company traded as high as $6.20 and last traded at $5.75, with a volume of 139356 shares trading hands. The stock had previously closed at $5.93.

Amerigo Resources Stock Performance

The firm has a market capitalization of $874.90 million, a price-to-earnings ratio of 15.94 and a beta of 1.59. The business has a 50 day simple moving average of $4.90 and a 200-day simple moving average of $4.52.

Amerigo Resources (OTCMKTS:ARREF) last posted its earnings results on Wednesday, July 29th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.04. The company had revenue of $77.37 million for the quarter, compared to analyst estimates of $73.20 million. Amerigo Resources had a net margin of 20.87% and a return on equity of 50.64%.

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.