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Amerigo Resources (OTCMKTS:ARREF) Stock Price Passes Below Two Hundred Day Moving Average - Should You Sell?

Amerigo Resources logo with Basic Materials background

Amerigo Resources Ltd. (OTCMKTS:ARREF - Get Free Report) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.20 and traded as low as $1.15. Amerigo Resources shares last traded at $1.15, with a volume of 81,447 shares.

Amerigo Resources Price Performance

The stock has a market capitalization of $188.39 million, a P/E ratio of 8.81, a price-to-earnings-growth ratio of 0.26 and a beta of 3.05. The business's 50 day simple moving average is $1.16 and its two-hundred day simple moving average is $1.20. The company has a quick ratio of 0.84, a current ratio of 0.97 and a debt-to-equity ratio of 0.06.

Amerigo Resources (OTCMKTS:ARREF - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). The business had revenue of $45.44 million during the quarter, compared to the consensus estimate of $46.13 million. Amerigo Resources had a net margin of 11.23% and a return on equity of 19.24%. As a group, sell-side analysts forecast that Amerigo Resources Ltd. will post 0.14 earnings per share for the current fiscal year.

Amerigo Resources Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 2nd were paid a $0.0216 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a dividend yield of 7.01%. Amerigo Resources's payout ratio is 69.24%.

About Amerigo Resources

(Get Free Report)

Amerigo Resources Ltd., through its subsidiary, Minera Valle Central SA, engages in the production and sale of 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.

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