Dynacor Group (TSE:DNG) Shares Cross Above 50-Day Moving Average – Here’s Why

Dynacor Group Inc. (TSE:DNG) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$4.81 and traded as high as C$5.92. Dynacor Group shares last traded at C$5.87, with a volume of 107,734 shares traded.

Dynacor Group Trading Down 3.7%

The company has a current ratio of 4.36, a quick ratio of 3.50 and a debt-to-equity ratio of 0.59. The business has a 50 day moving average price of C$4.84 and a 200-day moving average price of C$4.72. The firm has a market capitalization of C$236.76 million, a PE ratio of 15.27 and a beta of 0.21.

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 return on equity of 20.08% and a net margin of 6.76%.The firm had revenue of C$139.96 million for the quarter. Analysts expect that Dynacor Group Inc. will post 0.43 earnings per share for the current 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 issued a $0.0133 dividend. This represents a c) dividend on an annualized basis 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.