Centamin (LON:CEY) Stock Passes Above 200-Day Moving Average of $100.67

Centamin plc (LON:CEY) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 100.67 ($1.26) and traded as high as GBX 124.30 ($1.56). Centamin shares last traded at GBX 124.30 ($1.56), with a volume of 3,457,326 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 150 ($1.88) target price on shares of Centamin in a research report on Thursday, April 18th.

Centamin Trading Down 0.4 %

The firm has a market capitalization of £1.44 billion, a price-to-earnings ratio of 2,071.67, a P/E/G ratio of -1.53 and a beta of 0.60. The company has a quick ratio of 2.09, a current ratio of 3.22 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average of GBX 115.27 and a two-hundred day moving average of GBX 100.67.

Centamin Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Thursday, May 30th will be given a dividend of $0.02 per share. The ex-dividend date is Thursday, May 30th. This represents a dividend yield of 1.48%. Centamin’s dividend payout ratio (DPR) is currently 5,000.00%.

Insider Buying and Selling

In other news, insider Martin Horgan sold 95,783 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of GBX 123 ($1.55), for a total value of £117,813.09 ($148,006.39). Company insiders own 0.21% of the company’s stock.

Centamin Company Profile

Centamin plc, together with its subsidiaries, engages in the exploration, mining, and development of gold and precious metals in Egypt, Côte d'Ivoire, Burkina Faso, Jersey, the United Kingdom, and Australia. Its principal asset is the Sukari Gold Mine project, which covers an area of approximately 160 square kilometers located in the Eastern Desert of Egypt.