Dynacor Group (TSE:DNG) Stock Passes Above 50 Day Moving Average – Here’s Why

Shares of Dynacor Group Inc. (TSE:DNG) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$6.13 and traded as high as C$6.51. Dynacor Group shares last traded at C$6.49, with a volume of 28,949 shares trading hands.

Dynacor Group Stock Performance

The stock’s 50-day moving average price is C$6.13 and its 200-day moving average price is C$5.16. The company has a current ratio of 4.36, a quick ratio of 3.50 and a debt-to-equity ratio of 0.59. The company has a market capitalization of C$271.96 million, a P/E ratio of 17.54 and a beta of 0.44.

Dynacor Group Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 19th were issued a $0.0133 dividend. The ex-dividend date of this dividend was Tuesday, December 9th. This represents a c) dividend on an annualized basis and a yield of 2.5%. Dynacor Group’s dividend payout ratio (DPR) is currently 30.19%.

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.