Amerigo Resources (OTCMKTS:ARREF) Stock Passes Below 50 Day Moving Average of $1.27

Amerigo Resources Ltd. (OTCMKTS:ARREF)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $1.27 and traded as low as $1.13. Amerigo Resources shares last traded at $1.13, with a volume of 36,723 shares trading hands.

Amerigo Resources Price Performance

The business’s 50 day moving average is $1.27 and its 200-day moving average is $1.12. The firm has a market capitalization of $187.53 million, a P/E ratio of -112.89, a PEG ratio of 0.36 and a beta of 3.08. The company has a quick ratio of 0.76, a current ratio of 0.91 and a debt-to-equity ratio of 0.10.

Amerigo Resources (OTCMKTS:ARREF) last issued its earnings results on Wednesday, May 8th. The company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. Amerigo Resources had a negative net margin of 0.96% and a negative return on equity of 1.33%. The firm had revenue of $44.92 million for the quarter, compared to analyst estimates of $47.71 million. As a group, sell-side analysts predict that Amerigo Resources Ltd. will post 0.16 EPS for the current fiscal year.

Amerigo Resources Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were issued a dividend of $0.0219 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a dividend yield of 5.85%. Amerigo Resources’s dividend payout ratio (DPR) is presently -899.10%.

Amerigo Resources Company Profile

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.