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

Amerigo Resources Ltd. (TSE:ARG)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.69 and traded as high as C$1.84. Amerigo Resources shares last traded at C$1.82, with a volume of 100,807 shares trading hands.

Analyst Ratings Changes

Separately, Atrium Research raised shares of Amerigo Resources to a “strong-buy” rating in a research note on Wednesday, January 15th.

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 stock’s fifty day moving average price is C$1.68 and its 200-day moving average price is C$1.69. The firm has a market cap of C$203.84 million, a PE ratio of 9.92, a price-to-earnings-growth ratio of 0.32 and a beta of 3.11.

Amerigo Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 20th were given a $0.03 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.12 dividend on an annualized basis and a yield of 6.78%. Amerigo Resources’s payout ratio is currently 67.27%.

About Amerigo Resources

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.