Amerigo Resources (OTCMKTS:ARREF) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Amerigo Resources Ltd. (OTCMKTS:ARREF)’s stock price passed 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 trading hands.

Amerigo Resources Stock 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 stock has a market capitalization of $197.80 million, a PE ratio of 9.18, a P/E/G ratio of 0.44 and a beta of 3.02. The business’s fifty day moving average price is $1.25 and its 200-day moving average price is $1.24.

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

Amerigo Resources Cuts Dividend

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