Dynacor Group (TSE:DNG) Issues Earnings Results

Dynacor Group (TSE:DNG) released its earnings results on Thursday. The company reported C$0.24 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$214.23 million for the quarter. Dynacor Group had a return on equity of 17.72% and a net margin of 4.98%.

Dynacor Group Price Performance

Shares of TSE:DNG traded down C$0.13 during trading on Friday, reaching C$6.23. The stock had a trading volume of 67,543 shares, compared to its average volume of 85,286. Dynacor Group has a 52 week low of C$4.20 and a 52 week high of C$7.08. The business’s 50-day moving average price is C$5.93 and its 200 day moving average price is C$5.68. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.28 and a quick ratio of 3.50. The stock has a market capitalization of C$261.30 million, a PE ratio of 12.46 and a beta of 0.75.

Dynacor Group Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, May 18th. Stockholders of record on Monday, May 18th will be paid a $0.0133 dividend. The ex-dividend date is Monday, May 11th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. Dynacor Group’s payout ratio is 23.02%.

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.