Amerigo Resources (TSE:ARG) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Amerigo Resources Ltd. (TSE:ARG) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.66 and traded as high as C$1.66. Amerigo Resources shares last traded at C$1.63, with a volume of 639,828 shares trading hands.

Amerigo Resources Price Performance

The stock has a market capitalization of C$270.51 million, a PE ratio of 16.30, a P/E/G ratio of 0.32 and a beta of 3.11. The company has a debt-to-equity ratio of 12.87, a current ratio of 0.97 and a quick ratio of 0.91. The stock’s fifty day moving average is C$1.65 and its 200-day moving average is C$1.66.

Amerigo Resources (TSE:ARG) last issued its quarterly earnings data on Wednesday, October 30th. The company reported C$0.02 earnings per share 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. As a group, equities analysts predict that Amerigo Resources Ltd. will post 0.2850394 earnings per share for the current fiscal year.

Amerigo Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 20th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 7.36%. The ex-dividend date of this dividend was Friday, November 29th. Amerigo Resources’s payout ratio is currently 120.00%.

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.