Amerigo Resources (TSE:ARG) Sets New 12-Month High - Here's Why

Amerigo Resources Ltd. (TSE:ARG - Get Free Report)'s share price hit a new 52-week high on Thursday . The stock traded as high as C$2.17 and last traded at C$2.16, with a volume of 622517 shares. The stock had previously closed at C$2.02.

Amerigo Resources Trading Down 3.6%

The firm has a market capitalization of C$246.45 million, a price-to-earnings ratio of 12.00, a PEG ratio of 0.32 and a beta of 3.11. The company has a fifty day moving average price of C$1.82 and a two-hundred day moving average price of C$1.77. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 14.04.

Amerigo Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 20th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 5.61%. The ex-dividend date of this dividend was Friday, May 30th. Amerigo Resources's dividend payout ratio is currently 67.27%.

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.