Amerigo Resources (OTCMKTS:ARREF) Trading Down 8.6% – What’s Next?

Shares of Amerigo Resources Ltd. (OTCMKTS:ARREFGet Free Report) traded down 8.6% on Tuesday . The company traded as low as $3.8940 and last traded at $3.9190. 97,250 shares were traded during trading, a decline of 68% from the average session volume of 306,820 shares. The stock had previously closed at $4.29.

Amerigo Resources Stock Performance

The company has a market capitalization of $653.25 million, a PE ratio of 31.23 and a beta of 1.56. The company’s fifty day moving average is $3.73 and its 200-day moving average is $2.59.

Amerigo Resources Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, December 19th. Shareholders of record on Monday, December 1st were issued a dividend of $0.0288 per share. This is a boost from Amerigo Resources’s previous dividend of $0.02. This represents a yield of 470.0%. The ex-dividend date of this dividend was Friday, November 28th. Amerigo Resources’s payout ratio is 100.00%.

Amerigo Resources Company Profile

(Get Free Report)

Amerigo Resources Ltd. is a Canada-based mineral resource development company focused on copper deposits in Chile. Its primary asset, the Minera Valle Central (MVC) project, recovers copper from tailings produced by Codelco’s Salvador Division and processes the material into copper concentrate. By leveraging existing plant infrastructure and water rights, Amerigo’s MVC operation delivers a lower-impact, cost-effective source of high-grade copper for global markets.

Amerigo holds the operating licence for MVC under a joint-venture framework with Codelco, Chile’s state-owned mining company.

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