Dynacor Group (TSE:DNG) Share Price Passes Above 50-Day Moving Average – Here’s Why

Dynacor Group Inc. (TSE:DNG)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$5.96 and traded as high as C$6.19. Dynacor Group shares last traded at C$6.19, with a volume of 45,102 shares.

Dynacor Group Price Performance

The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.50 and a current ratio of 4.36. The firm has a fifty day simple moving average of C$5.96 and a 200 day simple moving average of C$5.09. The company has a market capitalization of C$259.39 million, a PE ratio of 16.73 and a beta of 0.44.

Dynacor Group Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 19th were issued a $0.0133 dividend. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Tuesday, December 9th. Dynacor Group’s payout ratio is presently 30.19%.

About Dynacor Group

Dynacor Group is an industrial 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.