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

Key Points

• Amerigo Resources shares recently crossed above their 200-day moving average, trading at C$2.36, above the average of C$1.98.
• The company announced a quarterly dividend of $0.03 per share, with a yield of 5.1% and a payout ratio of 104.64%.
• Amerigo Resources has a market cap of C$381.12 million and operates primarily in the copper and molybdenum production sector in Chile and Canada.

Shares of Amerigo Resources Ltd. (TSE:ARG - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.98 and traded as high as C$2.37. Amerigo Resources shares last traded at C$2.36, with a volume of 307,029 shares.

Amerigo Resources Price Performance

The firm has a fifty day moving average price of C$2.25 and a 200 day moving average price of C$1.99. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 14.04. The company has a market cap of C$379.50 million, a P/E ratio of 21.36, a PEG ratio of 0.32 and a beta of 1.79.

Amerigo Resources Dividend Announcement

The company 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 is Friday, August 29th. This represents a $0.12 annualized dividend and a yield of 5.1%. Amerigo Resources's dividend payout ratio (DPR) is currently 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.