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Amerigo Resources (TSE:ARG) Stock Price Passes Above 200 Day Moving Average - Time to Sell?

Amerigo Resources logo with Basic Materials background

Shares of Amerigo Resources Ltd. (TSE:ARG - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.66 and traded as high as C$1.66. Amerigo Resources shares last traded at C$1.63, with a volume of 639,828 shares traded.

Amerigo Resources Stock Performance

The stock has a fifty day moving average of C$1.65 and a 200-day moving average of C$1.66. The firm has a market capitalization of C$278.81 million, a P/E ratio of 16.80, a P/E/G ratio of 0.32 and a beta of 3.11. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 12.87.

Amerigo Resources (TSE:ARG - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported C$0.02 earnings per share for the quarter. Amerigo Resources had a return on equity of 10.75% and a net margin of 7.16%. The firm had revenue of C$61.99 million during the quarter. On average, research analysts anticipate that Amerigo Resources Ltd. will post 0.2850394 EPS for the current year.

Amerigo Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 20th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 7.14%. The ex-dividend date was Friday, November 29th. Amerigo Resources's dividend payout ratio (DPR) is currently 120.00%.

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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