Amerigo Resources (TSE:ARG) Shares Cross Above 200 Day Moving Average – Here’s What Happened
by Amy Steele · The Cerbat GemAmerigo Resources Ltd. (TSE:ARG – Get Free Report)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.87 and traded as high as C$6.66. Amerigo Resources shares last traded at C$6.60, with a volume of 1,106,743 shares trading hands.
Amerigo Resources Trading Up 3.9%
The stock’s 50-day moving average price is C$5.66 and its two-hundred day moving average price is C$4.87. The stock has a market capitalization of C$1.07 billion, a P/E ratio of 23.57, a P/E/G ratio of 0.32 and a beta of 2.11.
Amerigo Resources (TSE:ARG – Get Free Report) last released its earnings results on Wednesday, April 29th. The company reported C$0.13 earnings per share for the quarter. Amerigo Resources had a net margin of 15.26% and a return on equity of 42.44%. The firm had revenue of C$91.99 million during the quarter. On average, equities research analysts predict that Amerigo Resources Ltd. will post 0.2850394 earnings per share for the current year.
Amerigo Resources Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 18th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, May 29th. Amerigo Resources’s dividend payout ratio is currently 49.30%.
Insider Buying and Selling at Amerigo Resources
In other news, Director Christian Caceres sold 63,500 shares of the stock in a transaction that occurred on Thursday, March 26th. The shares were sold at an average price of C$4.77, for a total transaction of C$302,895.00. Following the completion of the transaction, the director directly owned 25,700 shares of the company’s stock, valued at C$122,589. This represents a 71.19% decrease in their position. Over the last ninety days, insiders have sold 123,581 shares of company stock worth $591,477. 12.95% of the stock is owned by corporate insiders.
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.