Amerigo Resources (OTCMKTS:ARREF) Hits New 52-Week High – Should You Buy?

Amerigo Resources Ltd. (OTCMKTS:ARREF)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $6.39 and last traded at $6.39, with a volume of 101145 shares changing hands. The stock had previously closed at $5.98.

Amerigo Resources Trading Up 4.0%

The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 18.29 and a beta of 1.62. The business has a 50 day simple moving average of $5.47 and a 200-day simple moving average of $4.76.

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

About Amerigo Resources

Amerigo Resources Ltd. is a Vancouver-based copper producer focused on extracting copper and molybdenum from mine tailings in Chile. Through its subsidiary Minera Valle Central (MVC), the company processes both fresh and historical tailings generated by Codelco’s El Teniente copper mine.

MVC’s operations are located near Rancagua, in Chile’s O’Higgins Region. The facility recovers residual metals from tailings that would otherwise require long-term storage, producing copper concentrate and molybdenum concentrate for sale to international markets.

Amerigo was established in 2003 and has built its business around tailings-reprocessing technology and long-term arrangements connected to El Teniente.