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

Amerigo Resources Ltd. (TSE:ARG) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$1.66 and traded as low as C$1.57. Amerigo Resources shares last traded at C$1.58, with a volume of 148,567 shares traded.

Amerigo Resources Stock Performance

The company has a market capitalization of C$258.90 million, a P/E ratio of 15.60, a PEG ratio of 0.32 and a beta of 3.11. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 12.87. The company’s 50-day moving average is C$1.68 and its two-hundred day moving average is C$1.66.

Amerigo Resources (TSE:ARG) last posted its quarterly earnings data on Wednesday, October 30th. The company reported C$0.02 earnings per share for the quarter. Amerigo Resources had a net margin of 7.16% and a return on equity of 10.75%. The firm had revenue of C$61.99 million for the quarter. Equities analysts anticipate that Amerigo Resources Ltd. will post 0.2850394 earnings per share for the current fiscal year.

Amerigo Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 20th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 7.69%. The ex-dividend date of this dividend was Friday, November 29th. Amerigo Resources’s payout ratio is currently 120.00%.

About Amerigo Resources

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.