Amerigo Resources (OTCMKTS:ARREF) Stock Price Crosses Below 50-Day Moving Average – Here’s Why

Amerigo Resources Ltd. (OTCMKTS:ARREF) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $1.27 and traded as low as $1.20. Amerigo Resources shares last traded at $1.20, with a volume of 16,958 shares trading hands.

Amerigo Resources Stock Up 0.2 %

The firm has a market capitalization of $197.25 million, a PE ratio of 9.23, a PEG ratio of 0.30 and a beta of 2.55. The business’s fifty day moving average price is $1.27 and its 200 day moving average price is $1.22. The company has a quick ratio of 0.80, a current ratio of 0.91 and a debt-to-equity ratio of 0.06.

Amerigo Resources (OTCMKTS:ARREF) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.02). Amerigo Resources had a net margin of 11.23% and a return on equity of 19.30%. The company had revenue of $50.80 million during the quarter, compared to analyst estimates of $53.20 million. On average, equities research analysts forecast that Amerigo Resources Ltd. will post 0.14 earnings per share for the current fiscal year.

Amerigo Resources Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were issued a dividend of $0.0209 per share. This represents a dividend yield of 6.75%. The ex-dividend date of this dividend was Thursday, March 6th. Amerigo Resources’s dividend payout ratio is presently 61.54%.

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.