Amerigo Resources (TSE:ARG) Shares Pass Above 200 Day Moving Average – What’s Next?

Amerigo Resources Ltd. (TSE:ARG)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$2.18 and traded as high as C$3.07. Amerigo Resources shares last traded at C$2.99, with a volume of 495,234 shares.

Amerigo Resources Stock Performance

The stock has a 50 day simple moving average of C$2.56 and a 200 day simple moving average of C$2.18. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 14.04. The stock has a market cap of C$482.86 million, a P/E ratio of 27.18, a price-to-earnings-growth ratio of 0.32 and a beta of 1.86.

Amerigo Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 19th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Friday, August 29th. Amerigo Resources’s dividend payout ratio (DPR) is 104.64%.

Amerigo Resources Company Profile

Amerigo Resources Ltd is principally engaged in the production of copper and molybdenum concentrates through its operating subsidiary Minera Valle Central SA The group operates in one segment, the production of copper concentrates with the production of molybdenum concentrates as a by-product. The company geographically operates in Chile and Canada and earns most of its revenue from Chile.