Amerigo Resources (TSE:ARG) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Amerigo Resources Ltd. (TSE:ARG) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.98 and traded as high as C$2.37. Amerigo Resources shares last traded at C$2.36, with a volume of 307,029 shares.

Amerigo Resources Price Performance

The company’s 50-day moving average is C$2.24 and its two-hundred day moving average is C$1.98. 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 firm has a market cap of C$381.12 million, a P/E ratio of 21.45, a PEG ratio of 0.32 and a beta of 1.79.

Amerigo Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 19th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.12 annualized dividend and a yield of 5.1%. Amerigo Resources’s dividend payout ratio is currently 104.64%.

Amerigo Resources Company Profile

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.