Amerigo Resources (TSE:ARG) Stock Price Crosses Above 200 Day Moving Average of $1.54

Amerigo Resources Ltd. (TSE:ARG) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.54 and traded as high as C$1.73. Amerigo Resources shares last traded at C$1.66, with a volume of 144,657 shares traded.

Amerigo Resources Price Performance

The firm’s 50-day moving average price is C$1.71 and its 200-day moving average price is C$1.55. The company has a debt-to-equity ratio of 17.97, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of C$262.99 million, a price-to-earnings ratio of 64.67, a price-to-earnings-growth ratio of 0.44 and a beta of 3.25.

Amerigo Resources (TSE:ARG) last issued its 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 during the quarter. Amerigo Resources had a negative return on equity of 1.25% and a negative net margin of 0.96%. Sell-side analysts forecast that Amerigo Resources Ltd. will post 0.2187148 earnings per share for the current fiscal year.

Amerigo Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 6th. Stockholders of record on Tuesday, July 16th 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 dividend on an annualized basis and a dividend yield of 10.06%. The ex-dividend date is Tuesday, July 16th.

Insider Buying and Selling at Amerigo Resources

In other Amerigo Resources news, insider Luzich Partners LLC sold 40,200 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of C$1.95, for a total transaction of C$78,398.04. In other Amerigo Resources news, insider Luzich Partners LLC sold 40,200 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of C$1.95, for a total transaction of C$78,398.04. Also, Director Michael Luzich sold 30,900 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of C$1.56, for a total value of C$48,204.00. Insiders sold a total of 374,724 shares of company stock valued at $649,909 in the last ninety days. Insiders own 12.99% of the company’s stock.

Amerigo Resources Company Profile

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.