Insider Selling: Amerigo Resources Ltd. (TSE:ARG) Insider Sells 160,200 Shares of Stock

Amerigo Resources Ltd. (TSE:ARGGet Free Report) insider Luzich Partners LLC sold 160,200 shares of Amerigo Resources stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of C$1.75, for a total value of C$280,350.00.

Luzich Partners LLC also recently made the following trade(s):

  • On Friday, May 31st, Luzich Partners LLC sold 2,000 shares of Amerigo Resources stock. The shares were sold at an average price of C$1.81, for a total value of C$3,613.20.
  • On Thursday, May 23rd, Luzich Partners LLC sold 40,200 shares of Amerigo Resources stock. The shares were sold at an average price of C$1.95, for a total value of C$78,398.04.

Amerigo Resources Trading Down 4.6 %

Shares of TSE:ARG traded down C$0.08 during midday trading on Friday, hitting C$1.66. 235,814 shares of the stock were exchanged, compared to its average volume of 213,777. The stock has a market capitalization of C$274.56 million, a price-to-earnings ratio of 64.67, a P/E/G ratio of 0.44 and a beta of 3.25. The company has a debt-to-equity ratio of 17.97, a quick ratio of 0.91 and a current ratio of 0.91. The business’s 50-day moving average price is C$1.75 and its 200 day moving average price is C$1.48. Amerigo Resources Ltd. has a 12 month low of C$1.10 and a 12 month high of C$2.05.

Amerigo Resources (TSE:ARGGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported C$0.04 earnings per share for the quarter. The company had revenue of C$60.56 million for the quarter. Amerigo Resources had a negative return on equity of 1.25% and a negative net margin of 0.96%. Analysts predict that Amerigo Resources Ltd. will post 0.2187148 earnings per share for the current year.

Amerigo Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 20th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 7.23%. The ex-dividend date of this dividend is Thursday, May 30th.

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.

Further Reading

Insider Buying and Selling by Quarter for Amerigo Resources (TSE:ARG)

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