Dynacor Group (TSE:DNG) Hits New 12-Month High – Here’s Why

Dynacor Group Inc. (TSE:DNG)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$6.75 and last traded at C$6.74, with a volume of 189964 shares changing hands. The stock had previously closed at C$6.05.

Dynacor Group Trading Up 13.1%

The firm has a market cap of C$286.62 million, a PE ratio of 18.49 and a beta of 0.39. The firm has a fifty day simple moving average of C$5.20 and a two-hundred day simple moving average of C$4.85. The company has a current ratio of 4.36, a quick ratio of 3.50 and a debt-to-equity ratio of 0.59.

Dynacor Group (TSE:DNG) last announced its earnings results on Thursday, November 13th. The company reported C$0.12 EPS for the quarter. The company had revenue of C$139.96 million during the quarter. Dynacor Group had a return on equity of 20.08% and a net margin of 6.76%. Equities analysts forecast that Dynacor Group Inc. will post 0.43 EPS for the current year.

Dynacor Group Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 19th were paid a dividend of $0.0133 per share. The ex-dividend date of this dividend was Tuesday, December 9th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. 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.