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

Key Points

• Amerigo Resources shares have crossed above the two hundred day moving average at C$2.10, reaching a high of C$2.91 during trading.
• The company recently declared a quarterly dividend of $0.03 per share, resulting in an annualized yield of 4.2% despite a payout ratio of 104.64%.
• Amerigo Resources operates primarily in Chile and Canada, focusing on the production of copper and molybdenum concentrates.

Amerigo Resources Ltd. (TSE:ARG - ) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$2.10 and traded as high as C$2.91. Amerigo Resources shares last traded at C$2.87, with a volume of 511,800 shares traded.

Amerigo Resources Stock Up 2.5%

The business's fifty day simple moving average is C$2.41 and its 200 day simple moving average is C$2.10. 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 stock has a market cap of C$463.48 million, a price-to-earnings ratio of 26.09, a price-to-earnings-growth ratio of 0.32 and a beta of 1.86.

Amerigo Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 19th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Friday, August 29th. Amerigo Resources's payout ratio is currently 104.64%.

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.

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