Amerigo Resources (OTCMKTS:ARREF) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

Amerigo Resources Ltd. (OTCMKTS:ARREF) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $1.14 and traded as high as $1.20. Amerigo Resources shares last traded at $1.20, with a volume of 30,749 shares.

Amerigo Resources Trading Up 5.8 %

The firm has a market capitalization of $196.61 million, a price-to-earnings ratio of 9.19, a PEG ratio of 0.27 and a beta of 3.04. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.80 and a current ratio of 0.91. The company has a 50-day moving average price of $1.14 and a 200-day moving average price of $1.20.

Amerigo Resources Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, December 2nd were paid a $0.0216 dividend. The ex-dividend date was Friday, November 29th. This represents a yield of 7.01%. Amerigo Resources’s dividend payout ratio is currently 69.24%.

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.