Amerigo Resources (TSE:ARG) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Amerigo Resources Ltd. (TSE:ARG)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$2.24 and traded as high as C$3.14. Amerigo Resources shares last traded at C$3.11, with a volume of 474,254 shares traded.

Amerigo Resources Stock Up 2.6%

The company has a debt-to-equity ratio of 14.04, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of C$502.24 million, a price-to-earnings ratio of 23.92, a PEG ratio of 0.32 and a beta of 1.90. The business’s 50 day moving average price is C$2.65 and its 200 day moving average price is C$2.24.

Amerigo Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 19th will be given a dividend of $0.04 per share. This is a boost from Amerigo Resources’s previous quarterly dividend of $0.03. This represents a $0.16 annualized dividend and a yield of 5.1%. The ex-dividend date is Friday, November 28th. Amerigo Resources’s dividend payout ratio (DPR) is 66.01%.

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.