Dynacor Group (TSE:DNG) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Dynacor Group Inc. (TSE:DNG) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$4.66 and traded as high as C$5.80. Dynacor Group shares last traded at C$5.75, with a volume of 106,524 shares changing hands.

Dynacor Group Trading Up 2.0%

The company has a market capitalization of C$240.95 million, a price-to-earnings ratio of 15.54 and a beta of 0.21. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.50 and a current ratio of 4.36. The business’s 50-day simple moving average is C$4.66 and its 200-day simple moving average is C$4.67.

Dynacor Group (TSE:DNG) last posted its quarterly earnings results on Thursday, November 13th. The company reported C$0.12 earnings per share for the quarter. Dynacor Group had a net margin of 6.76% and a return on equity of 20.08%. The business had revenue of C$139.96 million during the quarter. On average, research analysts expect that Dynacor Group Inc. will post 0.43 earnings per share for the current fiscal year.

Dynacor Group Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 19th were given a $0.0133 dividend. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Tuesday, December 9th. Dynacor Group’s dividend payout ratio (DPR) is currently 30.19%.

About Dynacor Group

Dynacor Group is an industrial ore processing company dedicated to producing gold sourced from artisanal miners. Since its establishment in 1996, Dynacor has pioneered a responsible mineral supply chain with stringent traceability and audit standards for the fast-growing artisanal mining industry. By focusing on formalized miners, the Canadian company offers a win-win approach for governments and miners globally. Dynacor operates the Veta Dorada plant and owns a gold exploration property in Peru.