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Amerigo Resources (TSE:ARG) Share Price Crosses Above 200 Day Moving Average - Should You Sell?

Amerigo Resources logo with Basic Materials background

Amerigo Resources Ltd. (TSE:ARG - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$1.69 and traded as high as C$1.79. Amerigo Resources shares last traded at C$1.74, with a volume of 196,941 shares trading hands.

Amerigo Resources Trading Up 1.1 %

The stock has a market capitalization of C$292.09 million, a PE ratio of 17.60, a P/E/G ratio of 0.32 and a beta of 3.11. 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 stock has a 50 day moving average price of C$1.71 and a 200-day moving average price of C$1.69.

Amerigo Resources (TSE:ARG - Get Free Report) last announced its earnings results on Wednesday, July 31st. The company reported C$0.08 EPS for the quarter. Amerigo Resources had a net margin of 7.16% and a return on equity of 10.75%. The business had revenue of C$70.60 million during the quarter. Sell-side analysts expect that Amerigo Resources Ltd. will post 0.2850394 earnings per share for the current year.

Amerigo Resources Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 20th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 6.82%. The ex-dividend date of this dividend was Friday, August 30th. Amerigo Resources's payout ratio is 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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