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Amerigo Resources (TSE:ARG) Share Price Crosses Above 200-Day Moving Average of $1.64

Amerigo Resources logo with Basic Materials background

Amerigo Resources Ltd. (TSE:ARG - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$1.64 and traded as high as C$1.73. Amerigo Resources shares last traded at C$1.69, with a volume of 152,365 shares.

Amerigo Resources Stock Performance

The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 12.87. The company has a market cap of C$280.47 million, a P/E ratio of 16.90, a PEG ratio of 0.28 and a beta of 3.12. The business's 50 day simple moving average is C$1.63 and its 200 day simple moving average is C$1.64.

Amerigo Resources (TSE:ARG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C$0.08 EPS for the quarter. The firm had revenue of C$70.60 million for the quarter. Amerigo Resources had a net margin of 7.16% and a return on equity of 10.75%. Sell-side analysts predict that Amerigo Resources Ltd. will post 0.3056537 earnings per share for the current fiscal year.

Amerigo Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 20th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 7.10%. The ex-dividend date was Friday, August 30th. Amerigo Resources's dividend payout ratio is currently 120.00%.


Insider Activity at Amerigo Resources

In other Amerigo Resources news, Director Christian Caceres sold 26,994 shares of the company's stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of C$1.56, for a total value of C$42,110.64. 12.95% of the stock is owned by corporate insiders.

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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