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

Amerigo Resources Ltd. (TSE:ARG) 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 Price Performance

The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 12.87. The company has a market capitalization of C$280.47 million, a price-to-earnings ratio of 16.90, a PEG ratio of 0.28 and a beta of 3.12. The stock’s 50-day simple moving average is C$1.63 and its two-hundred day simple moving average is C$1.64.

Amerigo Resources (TSE:ARG) last released its quarterly earnings results on Wednesday, July 31st. The company reported C$0.08 earnings per share for the quarter. Amerigo Resources had a net margin of 7.16% and a return on equity of 10.75%. The firm had revenue of C$70.60 million during the quarter. Equities research analysts predict that Amerigo Resources Ltd. will post 0.3056537 earnings per share for the current year.

Amerigo Resources Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 20th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 7.10%. The ex-dividend date of this dividend was Friday, August 30th. Amerigo Resources’s dividend payout ratio is presently 120.00%.

Insider Buying and Selling

In related news, Director Christian Caceres sold 26,994 shares of the stock in a transaction 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 company insiders.

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.