Amerigo Resources (TSE:ARG) Stock Crosses Above Two Hundred Day Moving Average of $1.26

Amerigo Resources Ltd. (TSE:ARGGet Rating) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.26 and traded as high as C$1.53. Amerigo Resources shares last traded at C$1.50, with a volume of 164,506 shares changing hands.

Amerigo Resources Price Performance

The stock has a market capitalization of C$248.82 million, a price-to-earnings ratio of 37.50, a PEG ratio of 0.79 and a beta of 2.81. The company has a debt-to-equity ratio of 21.82, a quick ratio of 0.91 and a current ratio of 1.18. The company has a fifty day simple moving average of C$1.51 and a two-hundred day simple moving average of C$1.26.

Amerigo Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 20th. Shareholders of record on Monday, March 6th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Friday, March 3rd. This represents a $0.12 annualized dividend and a yield of 8.00%. Amerigo Resources’s dividend payout ratio is presently 300.00%.

Insider Buying and Selling at Amerigo Resources

In other Amerigo Resources news, Director Robert Gayton sold 50,000 shares of Amerigo Resources stock in a transaction on Thursday, January 19th. The stock was sold at an average price of C$1.59, for a total value of C$79,500.00. Following the completion of the transaction, the director now directly owns 219,504 shares of the company’s stock, valued at approximately C$349,011.36. Insiders sold 164,350 shares of company stock valued at $253,886 in the last three months. Corporate insiders own 23.13% of the company’s stock.

About Amerigo Resources

(Get Rating)

Amerigo Resources Ltd., through its subsidiary, Minera Valle Central SA, produces and sells 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. in March 2002.

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