Dundee (TSE:DC.A) Stock Price Passes Below 200-Day Moving Average – Here’s What Happened

Dundee Corp. (TSE:DC.A) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$4.10 and traded as low as C$3.50. Dundee shares last traded at C$3.58, with a volume of 258,661 shares traded.

Dundee Stock Down 0.8%

The firm has a 50 day simple moving average of C$3.80 and a 200-day simple moving average of C$4.10. The company has a quick ratio of 5.04, a current ratio of 7.22 and a debt-to-equity ratio of 6.49. The stock has a market cap of C$321.63 million, a P/E ratio of 1.21 and a beta of 1.45.

Dundee (TSE:DC.A) last released its quarterly earnings data on Tuesday, May 12th. The company reported C($0.07) EPS for the quarter. The company had revenue of C($68.32) million for the quarter. Dundee had a return on equity of 9.20% and a net margin of 478.33%.

About Dundee

Dundee Corporation is a public Canadian independent mining-focused holding company, listed on the Toronto Stock Exchange under the symbol ‘DC.A’. The Corporation is primarily engaged in acquiring mineral resource assets. The Corporation operates with the objective of unlocking value through strategic investments in mining projects globally. Our team conducts due diligence in order to assess the geological, technical, environmental, and financial merits and risks of each project and looks to deploy capital where it can either seek to generate investment returns or where the Corporation can collaborate with operating partners and take strategic partnerships through direct interests in mining operations.