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

Key Points

• Amerigo Resources Ltd. stock price surpassed its 200-day moving average of C$2.06, reaching a high of C$2.78 during trading.
• The company announced a quarterly dividend of C$0.03, resulting in an annualized dividend yield of 4.4%, though its dividend payout ratio is currently high at 104.64%.
• Amerigo Resources has a market capitalization of C$439.26 million and reports significant financial ratios, including a high debt-to-equity ratio of 14.04.

Amerigo Resources Ltd. (TSE:ARG - ) crossed 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.

Amerigo Resources Stock Down 1.4%

The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 14.04. The company has a market capitalization of C$439.26 million, a P/E ratio of 24.73, a PEG ratio of 0.32 and a beta of 1.86. The stock has a 50 day moving average price of C$2.32 and a 200 day moving average price of C$2.06.

Amerigo Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 19th were given a $0.03 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.12 annualized dividend and a yield of 4.4%. 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.

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