Amerigo Resources (OTCMKTS:ARREF) Shares Pass Below 50 Day Moving Average – Here’s What Happened

Amerigo Resources Ltd. (OTCMKTS:ARREF) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $1.25 and traded as low as $1.25. Amerigo Resources shares last traded at $1.26, with a volume of 43,220 shares changing hands.

Amerigo Resources Stock Performance

The company has a market capitalization of $208.61 million, a P/E ratio of -125.70, a PEG ratio of 0.51 and a beta of 3.02. The stock has a fifty day simple moving average of $1.25 and a 200-day simple moving average of $1.24. 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 released its quarterly earnings results on Wednesday, July 31st. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Amerigo Resources had a return on equity of 11.50% and a net margin of 7.16%. The business had revenue of $51.60 million during the quarter, compared to analysts’ expectations of $48.77 million. Equities analysts forecast that Amerigo Resources Ltd. will post 0.13 EPS for the current year.

Amerigo Resources Cuts Dividend

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

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.