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

Amerigo Resources Ltd. (TSE:ARG)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-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 trading hands.

Amerigo Resources Stock Down 2.3 %

The company has a debt-to-equity ratio of 12.87, a quick ratio of 0.91 and a current ratio of 0.97. The business has a 50 day simple moving average of C$1.63 and a 200-day simple moving average of C$1.64. The firm has a market capitalization of C$280.47 million, a price-to-earnings ratio of 16.90, a P/E/G ratio of 0.28 and a beta of 3.12.

Amerigo Resources (TSE:ARG) last released its quarterly earnings data on Wednesday, July 31st. The company reported C$0.08 earnings per share (EPS) 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. On average, equities analysts expect that Amerigo Resources Ltd. will post 0.3056537 EPS 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 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 of this dividend was Friday, August 30th. Amerigo Resources’s payout ratio is presently 120.00%.

Insider Activity at Amerigo Resources

In other 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 transaction of C$42,110.64. 12.95% of the stock is currently owned by insiders.

About Amerigo Resources

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.