Amerigo Resources (TSE:ARG) Trading 12.5% Higher

Amerigo Resources LTD (TSE:ARG) shares traded up 12.5% on Monday . The stock traded as high as C$0.64 and last traded at C$0.63, 137,702 shares changed hands during mid-day trading. An increase of 67% from the average session volume of 82,627 shares. The stock had previously closed at C$0.56.

The company’s fifty day simple moving average is C$0.54 and its two-hundred day simple moving average is C$0.62. The company has a quick ratio of 0.32, a current ratio of 0.54 and a debt-to-equity ratio of 62.39. The company has a market capitalization of $106.30 million and a price-to-earnings ratio of -20.34.

Amerigo Resources (TSE:ARG) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.04 by C($0.06). The business had revenue of C$44.76 million for the quarter, compared to analysts’ expectations of C$57.22 million. Equities research analysts expect that Amerigo Resources LTD will post 0.2 earnings per share for the current year.

About Amerigo Resources (TSE:ARG)

Amerigo Resources Ltd., through its subsidiary, Minera Valle Central SA, produces and sells copper and molybdenum concentrates from Codelco's El Teniente underground mine in Chile. The company was formerly known as Golden Temple Mining Corp. and changed its name to Amerigo Resources Ltd. in March 2002.

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