Amerigo Resources (OTCMKTS:ARREF) Stock Price Passes Below 50 Day Moving Average - Should You Sell?

Key Points

• Amerigo Resources Ltd. shares fell below their 50-day moving average of $1.56, trading at $1.53 with a volume of 155,437 shares.
• The company reported earnings of $0.05 per share for the last quarter, matching analysts' expectations, and had revenue of $50.85 million, exceeding the forecast of $49.40 million.
• Amerigo Resources recently announced a dividend increase to $0.0218 per share, yielding an impressive 659.0%, with a payout ratio of 81.82%.

Amerigo Resources Ltd. (OTCMKTS:ARREF - Get Free Report)'s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $1.56 and traded as low as $1.50. Amerigo Resources shares last traded at $1.53, with a volume of 155,437 shares trading hands.

Amerigo Resources Trading Up 0.8%

The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 0.03. The business's 50-day simple moving average is $1.57 and its 200-day simple moving average is $1.38. The company has a market cap of $256.45 million, a PE ratio of 14.44, a P/E/G ratio of 0.38 and a beta of 1.80.

Amerigo Resources (OTCMKTS:ARREF - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.05 earnings per share for the quarter, hitting 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, analysts expect that Amerigo Resources Ltd. will post 0.14 EPS for the current fiscal year.

Amerigo Resources Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.0218 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a yield of 659.0%. This is an increase from Amerigo Resources's previous dividend of $0.02. Amerigo Resources's payout ratio is currently 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.