Dynacor Group (TSE:DNG) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Dynacor Group Inc. (TSE:DNG – Get Free Report) shares crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of C$5.32 and traded as high as C$5.39. Dynacor Group shares last traded at C$5.37, with a volume of 76,520 shares trading hands.

Dynacor Group Trading Up 1.3%

The business’s 50 day simple moving average is C$5.32 and its 200 day simple moving average is C$5.96. The stock has a market cap of C$225.27 million, a P/E ratio of 10.96 and a beta of 1.07. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.60 and a quick ratio of 3.50.

Dynacor Group (TSE:DNG – Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported C$0.04 EPS for the quarter. The company had revenue of C$205.19 million during the quarter. Dynacor Group had a net margin of 3.96% and a return on equity of 15.46%. On average, analysts expect that Dynacor Group Inc. will post 0.43 earnings per share for the current fiscal year.

Dynacor Group Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, November 17th. Shareholders of record on Tuesday, November 17th will be paid a dividend of $0.0133 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Monday, November 9th. Dynacor Group’s payout ratio is currently 23.57%.

About Dynacor Group

(Get Free Report)

Dynacor Group is an 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 . The company is expanding to West Africa and within Latin America .

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