Amerigo Resources (TSE:ARG) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• Amerigo Resources shares have surpassed their 200-day moving average, reaching C$2.33 during trading, with a last traded price of C$2.26.
• The company has announced a quarterly dividend of $0.03 per share, leading to a 5.3% dividend yield.
• Amerigo Resources has a market capitalization of C$260.27 million and a debt-to-equity ratio of 14.04, signaling a potentially high leverage situation.

Amerigo Resources Ltd. (TSE:ARG - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$1.94 and traded as high as C$2.33. Amerigo Resources shares last traded at C$2.26, with a volume of 193,942 shares changing hands.

Amerigo Resources Price Performance

The company has a debt-to-equity ratio of 14.04, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of C$364.97 million, a P/E ratio of 20.55, a price-to-earnings-growth ratio of 0.32 and a beta of 1.90. The firm has a 50-day moving average price of C$2.23 and a 200 day moving average price of C$1.95.

Amerigo Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 19th will be issued a dividend of $0.03 per share. The ex-dividend date is Friday, August 29th. This represents a $0.12 annualized dividend and a yield of 5.3%. Amerigo Resources's dividend 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.