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

Key Points

• A two hundred day moving average for Amerigo Resources stock is C$1.92, and the stock recently traded as high as C$2.24.
• The company recently declared a quarterly dividend of $0.03 per share, with a dividend yield of 5.5%.
• Amerigo Resources operates mainly in Chile and specializes in the production of copper and molybdenum concentrates.

Shares of Amerigo Resources Ltd. (TSE:ARG - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$1.92 and traded as high as C$2.24. Amerigo Resources shares last traded at C$2.17, with a volume of 339,246 shares trading hands.

Amerigo Resources Stock Performance

The firm has a market cap of C$266.03 million, a price-to-earnings ratio of 12.95, a P/E/G ratio of 0.32 and a beta of 3.11. The stock has a 50 day moving average of C$2.18 and a 200 day moving average of C$1.94. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 14.04.

Amerigo Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 19th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Friday, August 29th. Amerigo Resources's payout ratio is 67.27%.

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.