Insider Selling: Amerigo Resources (TSE:ARG) Insider Sells 8,000 Shares of Stock

Amerigo Resources Ltd. (TSE:ARG – Get Free Report) insider Kimberly Thomas sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of C$7.07, for a total transaction of C$56,560.00. Following the completion of the transaction, the insider directly owned 22,118 shares in the company, valued at C$156,374.26. This represents a 26.56% decrease in their ownership of the stock.

Amerigo Resources Price Performance

Amerigo Resources stock traded up C$0.40 during midday trading on Wednesday, reaching C$7.11. The company had a trading volume of 1,363,046 shares, compared to its average volume of 1,069,464. The firm’s fifty day simple moving average is C$5.68 and its 200-day simple moving average is C$4.95. Amerigo Resources Ltd. has a 12-month low of C$1.71 and a 12-month high of C$7.16. The company has a market capitalization of C$1.15 billion, a P/E ratio of 25.39, a P/E/G ratio of 0.32 and a beta of 2.11.

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Amerigo Resources (TSE:ARG – Get Free Report) last released its earnings results on Wednesday, April 29th. The company reported C$0.13 earnings per share for the quarter. The business had revenue of C$91.99 million for the quarter. Amerigo Resources had a net margin of 15.26% and a return on equity of 42.44%. On average, analysts expect that Amerigo Resources Ltd. will post 0.2850394 EPS for the current fiscal year.

Amerigo Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 18th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, May 29th. Amerigo Resources’s dividend payout ratio (DPR) is 49.30%.

About Amerigo Resources

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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.

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