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

Amerigo Resources Ltd. (TSE:ARG)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$3.62 and traded as high as C$5.75. Amerigo Resources shares last traded at C$5.74, with a volume of 744,368 shares traded.

Amerigo Resources Stock Performance

The company’s 50 day simple moving average is C$5.19 and its 200 day simple moving average is C$3.62. 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 stock has a market cap of C$944.18 million, a PE ratio of 44.15, a price-to-earnings-growth ratio of 0.32 and a beta of 2.04.

Amerigo Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Thursday, January 15th were given a $0.05 dividend. This is an increase from Amerigo Resources’s previous quarterly dividend of $0.04. This represents a $0.20 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Wednesday, December 17th. Amerigo Resources’s payout ratio is presently 66.01%.

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.