Amerigo Resources (TSE:ARG) Stock Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Amerigo Resources Ltd. stock price surpassed its 200-day moving average, indicating potential upward momentum, with recent trading at C$2.50.
• The company announced a quarterly dividend of $0.03 per share, resulting in an annualized dividend yield of 4.8%.
• Amerigo has a significant debt-to-equity ratio of 14.04 and a market cap of C$403.73 million, reflecting its financial position.

Amerigo Resources Ltd. (TSE:ARG - )'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.01 and traded as high as C$2.54. Amerigo Resources shares last traded at C$2.50, with a volume of 569,644 shares changing hands.

Amerigo Resources Price Performance

The company has a debt-to-equity ratio of 14.04, a current ratio of 0.91 and a quick ratio of 0.91. The company's 50-day simple moving average is C$2.26 and its 200-day simple moving average is C$2.01. The company has a market cap of C$403.73 million, a price-to-earnings ratio of 22.73, a P/E/G ratio of 0.32 and a beta of 1.79.

Amerigo Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 19th were given a $0.03 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.12 annualized dividend and a yield of 4.8%. Amerigo Resources's dividend payout ratio (DPR) is 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.

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