Amerigo Resources (TSE:ARG) Share Price Crosses Below 200 Day Moving Average – Here’s Why

Amerigo Resources Ltd. (TSE:ARG)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$1.66 and traded as low as C$1.57. Amerigo Resources shares last traded at C$1.58, with a volume of 148,567 shares traded.

Amerigo Resources Trading Down 1.9 %

The business’s 50 day moving average is C$1.69 and its two-hundred day moving average is C$1.66. The firm has a market capitalization of C$262.22 million, a P/E ratio of 15.80, a PEG ratio of 0.32 and a beta of 3.11. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 12.87.

Amerigo Resources (TSE:ARG) last posted its quarterly earnings data on Wednesday, October 30th. The company reported C$0.02 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 business had revenue of C$61.99 million during the quarter. Analysts expect that Amerigo Resources Ltd. will post 0.2850394 EPS for the current year.

Amerigo Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 20th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 7.59%. The ex-dividend date was Friday, November 29th. Amerigo Resources’s dividend payout ratio is presently 120.00%.

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.