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Amerigo Resources (OTCMKTS:ARREF) Share Price Passes Below 200-Day Moving Average - What's Next?

Amerigo Resources logo with Basic Materials background

Amerigo Resources Ltd. (OTCMKTS:ARREF - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.21 and traded as low as $1.11. Amerigo Resources shares last traded at $1.11, with a volume of 54,690 shares changing hands.

Amerigo Resources Price Performance

The company's fifty day moving average price is $1.21 and its two-hundred day moving average price is $1.21. The company has a quick ratio of 0.84, a current ratio of 0.97 and a debt-to-equity ratio of 0.06. The company has a market cap of $182.63 million, a price-to-earnings ratio of 8.54, a PEG ratio of 0.42 and a beta of 3.04.

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

Amerigo Resources Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 2nd were issued a dividend of $0.0216 per share. 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 presently 61.54%.

Amerigo Resources Company Profile

(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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