Amerigo Resources (OTCMKTS:ARREF) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Amerigo Resources Ltd. (OTCMKTS:ARREF)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $1.25 and traded as low as $1.25. Amerigo Resources shares last traded at $1.26, with a volume of 43,220 shares changing hands.

Amerigo Resources Price Performance

The company has a market cap of $209.11 million, a P/E ratio of -125.99, a P/E/G ratio of 0.51 and a beta of 3.02. The stock has a 50-day simple moving average of $1.25 and a 200 day simple moving average of $1.24. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.76 and a current ratio of 0.91.

Amerigo Resources (OTCMKTS:ARREF) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $51.60 million for the quarter, compared to the consensus estimate of $48.77 million. Amerigo Resources had a net margin of 7.16% and a return on equity of 11.50%. On average, equities analysts expect that Amerigo Resources Ltd. will post 0.13 EPS for the current year.

Amerigo Resources Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, September 20th. Stockholders of record on Monday, September 2nd were given a dividend of $0.0217 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a dividend yield of 6.95%. Amerigo Resources’s dividend payout ratio (DPR) is currently -800.00%.

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.