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

Amerigo Resources logo with Basic Materials background

Amerigo Resources Ltd. (TSE:ARG - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.73 and traded as high as C$1.78. Amerigo Resources shares last traded at C$1.77, with a volume of 112,442 shares.

Amerigo Resources Stock Down 0.5%

The company has a market capitalization of C$214.20 million, a P/E ratio of 10.43, a PEG ratio of 0.32 and a beta of 3.11. The firm's 50 day moving average price is C$1.76 and its two-hundred day moving average price is C$1.73. 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 firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 6.45%. Amerigo Resources's dividend payout ratio is currently 67.27%.

Amerigo Resources Company Profile

(Get Free Report)

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.

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