Amerigo Resources Ltd. (OTCMKTS:ARREF) Short Interest Down 62.3% in September

Key Points

• Amerigo Resources Ltd. experienced a significant reduction in short interest, down 62.3% in September, totaling 550,900 shares compared to 1,460,100 shares at the end of August.
• The company's stock is currently priced at $1.94, having a 52-week range between $1.08 and $1.97, with a market capitalization of $313.45 million.
• Amerigo recently declared a dividend of $0.0217 per share, yielding 569.0%, as the company maintains a payout ratio of 81.82%.

Amerigo Resources Ltd. (OTCMKTS:ARREF - Get Free Report) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 550,900 shares, a decrease of 62.3% from the August 31st total of 1,460,100 shares. Based on an average trading volume of 181,900 shares, the short-interest ratio is presently 3.0 days. Based on an average trading volume of 181,900 shares, the short-interest ratio is presently 3.0 days.

Amerigo Resources Stock Down 0.5%

Shares of ARREF opened at $1.94 on Thursday. Amerigo Resources has a 52 week low of $1.08 and a 52 week high of $1.97. The stock has a market capitalization of $313.45 million, a price-to-earnings ratio of 17.65 and a beta of 1.88. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.77 and a current ratio of 0.91. The stock has a fifty day moving average of $1.67 and a 200-day moving average of $1.48.

Amerigo Resources (OTCMKTS:ARREF - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.05 EPS for the quarter, meeting analysts' consensus estimates of $0.05. Amerigo Resources had a return on equity of 15.93% and a net margin of 8.74%.The company had revenue of $50.85 million during the quarter, compared to analysts' expectations of $49.40 million. As a group, sell-side analysts anticipate that Amerigo Resources will post 0.14 earnings per share for the current fiscal year.

Amerigo Resources Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, September 19th. Stockholders of record on Monday, September 1st were paid a $0.0217 dividend. This represents a dividend yield of 569.0%. The ex-dividend date was Friday, August 29th. Amerigo Resources's dividend payout ratio is presently 81.82%.

Amerigo Resources Company Profile

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.

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