Dynacor Group (TSE:DNG) Shares Cross Above Fifty Day Moving Average – Here’s Why

Dynacor Group Inc. (TSE:DNG)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$4.56 and traded as high as C$5.09. Dynacor Group shares last traded at C$5.07, with a volume of 32,654 shares traded.

Dynacor Group Stock Performance

The stock has a market capitalization of C$212.45 million, a P/E ratio of 13.70 and a beta of 0.21. 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 50-day moving average price of C$4.56 and a two-hundred day moving average price of C$4.63.

Dynacor Group (TSE:DNG) last released its earnings results on Thursday, November 13th. The company reported C$0.12 EPS for the quarter. The business had revenue of C$139.96 million during the quarter. Dynacor Group had a return on equity of 20.08% and a net margin of 6.76%. On average, equities analysts forecast that Dynacor Group Inc. will post 0.43 earnings per share for the current year.

Dynacor Group Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 19th will be paid a $0.0133 dividend. The ex-dividend date is Tuesday, December 9th. This represents a c) annualized dividend and a dividend yield of 3.1%. Dynacor Group’s payout ratio is currently 30.19%.

About Dynacor Group

Dynacor, with 27 years of experience, is a Canadian-based dividend-paying industrial gold ore processor. The corporation is engaged in gold production by processing ore purchased from the ASM (artisanal and small-scale mining) industry. Dynacor operates in Peru, where its management and processing teams have decades of experience working with ASM miners.