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

Amerigo Resources Ltd. (OTCMKTS:ARREF) shares crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $1.25 and traded as low as $1.19. Amerigo Resources shares last traded at $1.19, with a volume of 40,000 shares traded.

Amerigo Resources Price Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 0.97 and a quick ratio of 0.84. The company’s 50 day simple moving average is $1.25 and its 200 day simple moving average is $1.24. The stock has a market cap of $197.80 million, a P/E ratio of 9.18, a P/E/G ratio of 0.44 and a beta of 3.02.

Amerigo Resources (OTCMKTS:ARREF) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The business had revenue of $45.44 million for the quarter, compared to the consensus estimate of $46.13 million. Amerigo Resources had a return on equity of 19.24% and a net margin of 11.23%. As a group, equities analysts forecast that Amerigo Resources Ltd. will post 0.14 earnings per share for the current year.

Amerigo Resources Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, September 20th. Shareholders of record on Monday, September 2nd were issued a $0.0217 dividend. This represents a dividend yield of 6.95%. The ex-dividend date of this dividend was Friday, August 30th. Amerigo Resources’s dividend payout ratio is presently 69.24%.

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.