Dynacor Group (TSE:DNG) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of Dynacor Group Inc. (TSE:DNG) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$6.16 and traded as low as C$5.92. Dynacor Group shares last traded at C$5.95, with a volume of 243,100 shares changing hands.

Dynacor Group Stock Up 0.5%

The company has a current ratio of 3.60, a quick ratio of 3.50 and a debt-to-equity ratio of 0.34. The stock has a 50 day simple moving average of C$6.25 and a 200 day simple moving average of C$6.16. The firm has a market capitalization of C$244.56 million, a PE ratio of 11.90 and a beta of 0.78.

Dynacor Group (TSE:DNG) last announced its quarterly earnings data on Thursday, August 13th. The company reported C$0.04 earnings per share for the quarter. The firm had revenue of C$205.19 million during the quarter. Dynacor Group had a return on equity of 15.46% and a net margin of 3.96%. As a group, sell-side analysts forecast that Dynacor Group Inc. will post 0.43 earnings per share for the current year.

Dynacor Group Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 17th were issued a dividend of $0.0133 per share. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Monday, August 10th. Dynacor Group’s dividend payout ratio is currently 23.57%.

Dynacor Group Company Profile

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.