Golden Agri-Resources (OTCMKTS:GARPY) Shares Up 2.8% – Time to Buy?

Shares of Golden Agri-Resources Ltd (OTCMKTS:GARPY) shot up 2.8% during mid-day trading on Friday . The stock traded as high as $20.05 and last traded at $20.05. 5,967 shares traded hands during trading, an increase of 163% from the average session volume of 2,269 shares. The stock had previously closed at $19.50.

Golden Agri-Resources Stock Performance

The firm has a 50-day moving average price of $18.97 and a 200-day moving average price of $19.48.

Golden Agri-Resources Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, June 4th. Stockholders of record on Monday, May 12th were given a dividend of $0.5431 per share. The ex-dividend date of this dividend was Friday, May 9th. This is a boost from Golden Agri-Resources’s previous dividend of $0.41. This represents a dividend yield of 2.87%. Golden Agri-Resources’s dividend payout ratio (DPR) is 39.40%.

Golden Agri-Resources Company Profile

Golden Agri-Resources Ltd, an investment holding company, operates as an integrated palm oil plantation company in Europe, China, India, Pakistan, the Middle east, and the United States. It operates in two segments, Plantation and Palm Oil Mills; and Palm, Laurics and Others. The company offers bulk products, such as crude palm oil, palm kernel, palm kernel oil, palm kernel meal, olein, stearin, soybean oil, and soybean meal; oleo chemicals; palm oil based bio-diesel and other renewable resources based energy; and refined products.