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

Shares of Amerigo Resources Ltd. (TSE:ARG) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.13 and traded as high as C$2.68. Amerigo Resources shares last traded at C$2.67, with a volume of 333,262 shares trading hands.

Amerigo Resources Stock Performance

The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 14.04. The stock has a 50 day simple moving average of C$2.48 and a two-hundred day simple moving average of C$2.13. The stock has a market capitalization of C$431.18 million, a P/E ratio of 24.27, a P/E/G ratio of 0.32 and a beta of 1.86.

Amerigo Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 19th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Friday, August 29th. Amerigo Resources’s dividend payout ratio (DPR) 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.