Amerigo Resources Ltd. (OTCMKTS:ARREF – Get Rating) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 79,800 shares, an increase of 786.7% from the April 30th total of 9,000 shares. Based on an average daily trading volume, of 188,200 shares, the days-to-cover ratio is presently 0.4 days.
Amerigo Resources Price Performance
Shares of ARREF stock opened at $1.07 on Friday. Amerigo Resources has a 12 month low of $0.64 and a 12 month high of $1.42. The firm has a market cap of $176.37 million, a PE ratio of -53.30, a price-to-earnings-growth ratio of 0.46 and a beta of 2.75. The stock has a 50 day moving average of $1.19 and a 200-day moving average of $1.10. The company has a quick ratio of 0.99, a current ratio of 1.18 and a debt-to-equity ratio of 0.14.
Amerigo Resources (OTCMKTS:ARREF – Get Rating) last issued its quarterly earnings results on Wednesday, May 3rd. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. Amerigo Resources had a negative return on equity of 1.76% and a negative net margin of 1.31%. The company had revenue of $52.65 million during the quarter, compared to analyst estimates of $53.08 million. On average, equities analysts predict that Amerigo Resources will post 0.12 EPS for the current year.
Amerigo Resources Cuts Dividend
About Amerigo Resources
Amerigo Resources Ltd. is engaged in the production and sale of copper and molybdenum concentrates. The company was founded by Klaus Zeitle on January 23, 1984 and is headquartered in Vancouver, Canada.
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