Dynacor Group (TSE:DNG) Shares Pass Above Fifty Day Moving Average – Should You Sell?

Dynacor Group Inc. (TSE:DNG)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$5.58 and traded as high as C$6.77. Dynacor Group shares last traded at C$6.59, with a volume of 66,318 shares traded.

Dynacor Group Price Performance

The business’s 50-day moving average price is C$5.58 and its 200 day moving average price is C$4.97. The company has a market capitalization of C$276.15 million, a P/E ratio of 17.81 and a beta of 0.39. The company has a quick ratio of 3.50, a current ratio of 4.36 and a debt-to-equity ratio of 0.59.

Dynacor Group (TSE:DNG) last posted its earnings results on Thursday, November 13th. The company reported C$0.12 earnings per share (EPS) 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 for the quarter. Analysts anticipate that Dynacor Group Inc. will post 0.43 EPS for the current fiscal year.

Dynacor Group Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 19th were paid a dividend of $0.0133 per share. The ex-dividend date of this dividend was Tuesday, December 9th. This represents a c) annualized dividend and a yield of 2.4%. 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.