Amerigo Resources (OTCMKTS:ARREF) Stock Price Down 8.6% – Should You Sell?

Amerigo Resources Ltd. (OTCMKTS:ARREFGet Free Report)’s share price fell 8.6% on Tuesday . The company traded as low as $3.8940 and last traded at $3.9190. 97,250 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 306,820 shares. The stock had previously closed at $4.29.

Amerigo Resources Price Performance

The company has a market cap of $653.25 million, a PE ratio of 31.23 and a beta of 1.56. The company has a 50-day moving average of $3.73 and a 200 day moving average of $2.59.

Amerigo Resources Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 19th. Shareholders of record on Monday, December 1st were given a dividend of $0.0288 per share. This represents a yield of 470.0%. This is a positive change from Amerigo Resources’s previous dividend of $0.02. The ex-dividend date was Friday, November 28th. Amerigo Resources’s dividend payout ratio (DPR) is presently 100.00%.

Amerigo Resources Company Profile

(Get Free Report)

Amerigo Resources Ltd. is a Canada-based mineral resource development company focused on copper deposits in Chile. Its primary asset, the Minera Valle Central (MVC) project, recovers copper from tailings produced by Codelco’s Salvador Division and processes the material into copper concentrate. By leveraging existing plant infrastructure and water rights, Amerigo’s MVC operation delivers a lower-impact, cost-effective source of high-grade copper for global markets.

Amerigo holds the operating licence for MVC under a joint-venture framework with Codelco, Chile’s state-owned mining company.

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