Amerigo Resources (TSE:ARG) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Amerigo Resources Ltd. (TSE:ARG)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$1.75 and traded as high as C$1.89. Amerigo Resources shares last traded at C$1.88, with a volume of 28,289 shares.

Amerigo Resources Price Performance

The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 14.04. The stock has a market capitalization of C$216.51 million, a PE ratio of 10.54, a price-to-earnings-growth ratio of 0.32 and a beta of 3.11. The firm has a 50 day moving average price of C$1.79 and a 200 day moving average price of C$1.75.

Amerigo Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 20th will be issued a dividend of $0.03 per share. The ex-dividend date is Friday, May 30th. This represents a $0.12 dividend on an annualized basis and a yield of 6.38%. Amerigo Resources’s dividend payout ratio is presently 67.27%.

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.