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

Dundee Corp. (TSE:DC.A) crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$4.21 and traded as low as C$3.90. Dundee shares last traded at C$3.91, with a volume of 113,497 shares.

Dundee Stock Performance

The stock has a fifty day simple moving average of C$4.81 and a two-hundred day simple moving average of C$4.21. The stock has a market cap of C$324.78 million, a price-to-earnings ratio of 1.49 and a beta of 1.70. The company has a debt-to-equity ratio of 6.49, a quick ratio of 5.04 and a current ratio of 7.22.

Dundee (TSE:DC.A) last announced its quarterly earnings data on Tuesday, August 11th. The company reported C($0.31) earnings per share for the quarter. The business had revenue of C($21.49) million for the quarter. Dundee had a return on equity of 9.20% and a net margin of 478.33%.

Dundee Company Profile

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.