Amerigo Resources (OTCMKTS:ARREF) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Amerigo Resources Ltd. (OTCMKTS:ARREF) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.20 and traded as low as $1.15. Amerigo Resources shares last traded at $1.15, with a volume of 81,447 shares.

Amerigo Resources Price Performance

The company has a current ratio of 0.97, a quick ratio of 0.84 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average of $1.16 and a 200 day moving average of $1.20. The firm has a market capitalization of $188.39 million, a PE ratio of 8.50, a price-to-earnings-growth ratio of 0.26 and a beta of 3.05.

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

Amerigo Resources Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 2nd were issued a dividend of $0.0216 per share. The ex-dividend date was Friday, November 29th. This represents a yield of 7.01%. Amerigo Resources’s dividend payout ratio (DPR) is currently 69.24%.

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.