Dundee (TSE:DC.A) Share Price Passes Above 50 Day Moving Average – Here’s Why

Dundee Corp. (TSE:DC.A) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$4.15 and traded as high as C$5.55. Dundee shares last traded at C$5.35, with a volume of 244,635 shares trading hands.

Dundee Price Performance

The firm has a market capitalization of C$466.42 million, a P/E ratio of 2.14 and a beta of 1.76. The stock’s fifty day simple moving average is C$4.22 and its 200 day simple moving average is C$4.10. The company has a debt-to-equity ratio of 6.49, a current ratio of 7.22 and a quick ratio of 5.04.

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

About Dundee

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.