Amerigo Resources (OTCMKTS:ARREF – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.08, Zacks reports.
Amerigo Resources Price Performance
Shares of ARREF stock traded up $0.13 during mid-day trading on Wednesday, hitting $5.58. The company had a trading volume of 10,055 shares, compared to its average volume of 179,204. The stock’s 50 day moving average price is $5.91 and its 200-day moving average price is $4.85. Amerigo Resources has a 52-week low of $2.08 and a 52-week high of $6.46.
About Amerigo Resources
Amerigo Resources Ltd. is a Canadian mining company focused on the production of copper and molybdenum. Through its Chilean subsidiary, Minera Valle Central (MVC), the company recovers these metals from fresh and historical tailings generated by Codelco’s El Teniente underground copper mine.
MVC operates near Rancagua, in Chile’s O’Higgins Region, and uses mineral-processing facilities to reprocess tailings and extract additional copper and molybdenum. This approach allows Amerigo to produce metals from previously mined material rather than operating a conventional greenfield mine.
Amerigo acquired its interest in MVC in 2003 and has expanded and improved the operation over time.
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