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

Amerigo Resources logo with Basic Materials background

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$1.73 and traded as high as C$1.88. Amerigo Resources shares last traded at C$1.82, with a volume of 236,264 shares traded.

Amerigo Resources Price Performance

The business has a 50-day moving average price of C$1.75 and a 200-day moving average price of C$1.74. The stock has a market cap of C$216.51 million, a PE ratio of 10.54, a price-to-earnings-growth ratio of 0.32 and a beta of 3.11. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 20th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.12 dividend on an annualized basis and a yield of 6.38%. Amerigo Resources's 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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