Amerigo Resources (OTCMKTS:ARREF) Shares Gap Down – Should You Sell?

Shares of Amerigo Resources Ltd. (OTCMKTS:ARREF) gapped down prior to trading on Friday . The stock had previously closed at $3.99, but opened at $3.77. Amerigo Resources shares last traded at $3.90, with a volume of 47,844 shares traded.

Amerigo Resources Trading Down 4.6%

The company has a market cap of $612.55 million, a PE ratio of 18.13 and a beta of 1.54. The firm’s 50-day simple moving average is $4.14 and its two-hundred day simple moving average is $2.91.

Amerigo Resources (OTCMKTS:ARREF) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.04. Amerigo Resources had a net margin of 15.57% and a return on equity of 33.83%. The business had revenue of $79.80 million during the quarter, compared to analysts’ expectations of $70.20 million. As a group, analysts predict that Amerigo Resources Ltd. will post 0.14 EPS for the current year.

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.