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

Shares of Amerigo Resources Ltd. (OTCMKTS:ARREF) gapped down before the market opened on Friday . The stock had previously closed at $4.60, but opened at $4.31. Amerigo Resources shares last traded at $4.5440, with a volume of 57,963 shares traded.

Amerigo Resources Price Performance

The firm has a 50-day simple moving average of $3.98 and a 200 day simple moving average of $2.76. The stock has a market capitalization of $730.33 million, a P/E ratio of 21.62 and a beta of 1.56.

Amerigo Resources (OTCMKTS:ARREF) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.04. Amerigo Resources had a return on equity of 33.83% and a net margin of 15.57%.The company had revenue of $79.80 million during the quarter, compared to the consensus estimate of $70.20 million. Sell-side analysts anticipate that Amerigo Resources Ltd. will post 0.14 earnings per share for the current fiscal year.

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.