Amerigo Resources (OTCMKTS:ARREF) Stock Passes Above 50 Day Moving Average – Here’s Why

Amerigo Resources Ltd. (OTCMKTS:ARREF)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $1.21 and traded as high as $1.31. Amerigo Resources shares last traded at $1.29, with a volume of 26,985 shares traded.

Amerigo Resources Stock Performance

The stock has a market capitalization of $218.24 million, a price-to-earnings ratio of -131.50, a PEG ratio of 0.47 and a beta of 3.03. The company’s 50-day simple moving average is $1.21 and its 200-day simple moving average is $1.22. The company has a current ratio of 0.91, a quick ratio of 0.76 and a debt-to-equity ratio of 0.10.

Amerigo Resources (OTCMKTS:ARREF) last released its earnings results on Wednesday, July 31st. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $51.60 million during the quarter, compared to the consensus estimate of $48.77 million. Amerigo Resources had a net margin of 7.16% and a return on equity of 11.50%. On average, analysts expect that Amerigo Resources Ltd. will post 0.13 EPS for the current year.

Amerigo Resources Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, September 20th. Shareholders of record on Monday, September 2nd were paid a $0.0217 dividend. The ex-dividend date was Friday, August 30th. This represents a dividend yield of 6.95%. Amerigo Resources’s payout ratio is presently -800.00%.

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.