Dynacor Group (TSE:DNG) Posts Quarterly Earnings Results

Dynacor Group (TSE:DNG) issued its earnings results on Thursday. The company reported C$0.04 earnings per share for the quarter, FiscalAI reports. Dynacor Group had a net margin of 4.98% and a return on equity of 17.72%. The business had revenue of C$205.19 million for the quarter.

Dynacor Group Stock Down 9.2%

DNG stock opened at C$6.00 on Friday. Dynacor Group has a 1-year low of C$4.20 and a 1-year high of C$7.08. The business’s 50 day simple moving average is C$6.27 and its 200 day simple moving average is C$6.17. The company has a current ratio of 4.28, a quick ratio of 3.50 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of C$251.69 million, a PE ratio of 11.11 and a beta of 0.78.

Dynacor Group Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 17th will be paid a dividend of $0.0133 per share. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, August 10th. Dynacor Group’s payout ratio is currently 21.48%.

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.