Amerigo Resources (TSE:ARG) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Amerigo Resources Ltd. (TSE:ARG) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$1.92 and traded as high as C$2.24. Amerigo Resources shares last traded at C$2.17, with a volume of 339,246 shares.

Amerigo Resources Stock Down 0.5%

The company has a debt-to-equity ratio of 14.04, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of C$249.90 million, a price-to-earnings ratio of 12.16, a PEG ratio of 0.32 and a beta of 3.11. The firm has a 50-day moving average price of C$2.15 and a two-hundred day moving average price of C$1.92.

Amerigo Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 19th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Friday, August 29th. Amerigo Resources’s dividend payout ratio is presently 67.27%.

About Amerigo Resources

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.