Amerigo Resources (TSE:ARG) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Amerigo Resources Ltd. (TSE:ARG) 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 changing hands.

Amerigo Resources Trading Up 3.9%

The business’s fifty day simple moving average is C$5.66 and its 200-day simple moving average is C$4.87. The firm has a market cap of C$1.07 billion, a P/E ratio of 23.57, a PEG ratio of 0.32 and a beta of 2.11.

Amerigo Resources (TSE:ARG) last issued its earnings results on Wednesday, April 29th. The company reported C$0.13 earnings per share (EPS) for the quarter. Amerigo Resources had a net margin of 15.26% and a return on equity of 42.44%. The business had revenue of C$91.99 million for the quarter. As a group, research analysts expect that Amerigo Resources Ltd. will post 0.2850394 earnings per share for the current fiscal year.

Amerigo Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 18th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.16 dividend on an annualized basis and a yield of 2.4%. Amerigo Resources’s payout ratio is presently 49.30%.

Insider Transactions at Amerigo Resources

In other Amerigo Resources news, Director Christian Caceres sold 34,381 shares of the business’s stock in a transaction on Thursday, March 26th. The shares were sold at an average price of C$4.81, for a total transaction of C$165,372.61. Following the sale, the director owned 89,200 shares of the company’s stock, valued at C$429,052. The trade was a 27.82% decrease in their position. Over the last quarter, insiders have sold 123,581 shares of company stock worth $591,477. Insiders own 12.95% of the company’s stock.

Amerigo Resources Company Profile

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.