Amerigo Resources (TSE:ARG) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Amerigo Resources Ltd. (TSE:ARG) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.06 and traded as high as C$2.78. Amerigo Resources shares last traded at C$2.72, with a volume of 310,680 shares changing hands.

Amerigo Resources Trading Down 1.4%

The stock has a market cap of C$439.26 million, a P/E ratio of 24.73, a price-to-earnings-growth ratio of 0.32 and a beta of 1.86. The company has a debt-to-equity ratio of 14.04, a quick ratio of 0.91 and a current ratio of 0.91. The firm’s fifty day simple moving average is C$2.32 and its 200-day simple moving average is C$2.06.

Amerigo Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 19th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Friday, August 29th. Amerigo Resources’s dividend payout ratio (DPR) is currently 104.64%.

About Amerigo Resources

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.