Fundamental Research reaffirmed their buy rating on shares of Amerigo Resources LTD (TSE:ARG) in a research report sent to investors on Friday. They currently have a C$1.00 price target on the stock.

Shares of Amerigo Resources LTD (ARG) traded down 1.35% during midday trading on Friday, hitting $0.73. The stock had a trading volume of 196,071 shares. The firm’s market cap is $128.07 million. The firm’s 50 day moving average price is $0.65 and its 200 day moving average price is $0.61. Amerigo Resources LTD has a 52-week low of $0.14 and a 52-week high of $0.83.

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In related news, insider Thomas Kimberly sold 50,000 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of C$0.71, for a total value of C$35,500.00. Also, insider Nauman (Nick) Toor purchased 178,000 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was bought at an average cost of C$0.73 per share, with a total value of C$129,940.00. Over the last three months, insiders purchased 1,660,500 shares of company stock valued at $1,049,390 and sold 196,600 shares valued at $136,654.

About Amerigo Resources LTD

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