Amerigo Resources (TSE:ARG) Shares Cross Above 200 Day Moving Average - Here's What Happened

Shares of Amerigo Resources Ltd. (TSE:ARG - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.87 and traded as high as C$6.66. Amerigo Resources shares last traded at C$6.60, with a volume of 1,106,743 shares traded.

Amerigo Resources Trading Up 3.9%

The stock's 50-day simple moving average is C$5.66 and its 200-day simple moving average is C$4.87. The firm has a market capitalization of C$1.07 billion, a P/E ratio of 23.57, a P/E/G ratio of 0.32 and a beta of 2.11.

Amerigo Resources (TSE:ARG - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The company reported C$0.13 earnings per share (EPS) for the quarter. Amerigo Resources had a net margin of 15.26% and a return on equity of 42.44%. The business had revenue of C$91.99 million during the quarter. On average, equities research analysts expect that Amerigo Resources Ltd. will post 0.2850394 EPS for the current year.

Amerigo Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 18th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, May 29th. Amerigo Resources's dividend payout ratio is presently 49.30%.

Insider Transactions at Amerigo Resources

In other news, Director Christian Caceres sold 34,381 shares of the stock in a transaction that occurred on Thursday, March 26th. The shares were sold at an average price of C$4.81, for a total transaction of C$165,372.61. Following the completion of the transaction, the director directly owned 89,200 shares of the company's stock, valued at C$429,052. This represents a 27.82% decrease in their position. Over the last ninety days, insiders have sold 123,581 shares of company stock valued at $591,477. Corporate insiders own 12.95% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.