Dundee (TSE:DC.A) Stock Crosses Below 200 Day Moving Average – Here’s Why

Dundee Corp. (TSE:DC.A)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$4.05 and traded as low as C$3.60. Dundee shares last traded at C$3.63, with a volume of 62,058 shares.

Dundee Stock Performance

The stock has a 50 day moving average price of C$3.63 and a two-hundred day moving average price of C$4.05. The company has a debt-to-equity ratio of 6.49, a current ratio of 7.22 and a quick ratio of 5.04. The company has a market capitalization of C$344.99 million, a price-to-earnings ratio of 1.30 and a beta of 1.45.

Dundee (TSE:DC.A) last issued its quarterly earnings results on Tuesday, May 12th. The company reported C($0.07) earnings per share (EPS) for the quarter. Dundee had a return on equity of 9.20% and a net margin of 478.33%.The company had revenue of C($68.32) million for the quarter.

About Dundee

Dundee Corporation is a public Canadian independent mining-focused holding company, listed on the Toronto Stock Exchange under the symbol ‘DC.A’. The Corporation is primarily engaged in acquiring mineral resource assets. The Corporation operates with the objective of unlocking value through strategic investments in mining projects globally. Our team conducts due diligence in order to assess the geological, technical, environmental, and financial merits and risks of each project and looks to deploy capital where it can either seek to generate investment returns or where the Corporation can collaborate with operating partners and take strategic partnerships through direct interests in mining operations.