Amerigo Resources (TSE:ARG) Stock Price Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Amerigo Resources Ltd. shares have surpassed their 200-day moving average, trading at C$2.29, indicating a potential bullish trend, having reached a high of C$2.33 recently.
• The company has announced a quarterly dividend of $0.03 payable on September 19th, reflecting an annualized dividend yield of 5.2%, though its dividend payout ratio stands at 104.64%.
• With a market capitalization of C$369.81 million, Amerigo Resources has a price-to-earnings ratio of 20.82 and operates primarily in Chile and Canada, focusing on copper and molybdenum production.

Shares of Amerigo Resources Ltd. (TSE:ARG - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$1.96 and traded as high as C$2.33. Amerigo Resources shares last traded at C$2.29, with a volume of 163,135 shares changing hands.

Amerigo Resources Stock Up 1.3%

The company has a debt-to-equity ratio of 14.04, a current ratio of 0.91 and a quick ratio of 0.91. The business's fifty day simple moving average is C$2.24 and its two-hundred day simple moving average is C$1.97. The company has a market cap of C$371.43 million, a PE ratio of 20.91, a PEG ratio of 0.32 and a beta of 1.79.

Amerigo Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 19th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.12 dividend on an annualized basis and a yield of 5.2%. Amerigo Resources's dividend payout ratio is presently 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.