Amerigo Resources (OTCMKTS:ARREF) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Shares of Amerigo Resources Ltd. (OTCMKTS:ARREF) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.21 and traded as low as $1.11. Amerigo Resources shares last traded at $1.11, with a volume of 54,690 shares trading hands.

Amerigo Resources Stock Performance

The stock has a 50 day moving average of $1.21 and a 200 day moving average of $1.21. The company has a market capitalization of $182.63 million, a price-to-earnings ratio of 8.54, a price-to-earnings-growth ratio of 0.42 and a beta of 3.04. The company has a quick ratio of 0.84, a current ratio of 0.97 and a debt-to-equity ratio of 0.06.

Amerigo Resources (OTCMKTS:ARREF) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Amerigo Resources had a net margin of 11.23% and a return on equity of 19.24%. The firm had revenue of $45.44 million during the quarter, compared to the consensus estimate of $46.13 million. As a group, analysts predict that Amerigo Resources Ltd. will post 0.14 EPS for the current year.

Amerigo Resources Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 2nd were given a dividend of $0.0216 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a dividend yield of 7.01%. Amerigo Resources’s payout ratio is 61.54%.

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.