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

Amerigo Resources logo with Basic Materials background

Key Points

  • Amerigo Resources shares surpassed their two hundred day moving average of C$1.90, trading at C$2.06, indicating potential investor interest.
  • The company announced a quarterly dividend of $0.03, equating to an annualized dividend of $0.12 and a dividend yield of 5.8%.
  • Amerigo Resources operates primarily in Chile and Canada, focusing on the production of copper and molybdenum concentrates.
  • Want stock alerts on Amerigo Resources? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Amerigo Resources Ltd. (TSE:ARG - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$1.90 and traded as high as C$2.09. Amerigo Resources shares last traded at C$2.06, with a volume of 336,725 shares changing hands.

Amerigo Resources Stock Up 1.0%

The firm's fifty day moving average price is C$2.14 and its two-hundred day moving average price is C$1.91. The stock has a market cap of C$241.84 million, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 0.32 and a beta of 3.11. The company has a debt-to-equity ratio of 14.04, a current ratio of 0.91 and a quick ratio of 0.91.

Amerigo Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders 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 dividend yield of 5.7%. Amerigo Resources's dividend payout ratio is currently 67.27%.

Amerigo Resources Company Profile

(Get Free Report)

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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