Dynacor Group (TSE:DNG) Share Price Passes Above 50 Day Moving Average – Should You Sell?

Dynacor Group Inc. (TSE:DNG) 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 traded.

Dynacor Group Stock Performance

The company has a debt-to-equity ratio of 0.59, a current ratio of 4.36 and a quick ratio of 3.50. The stock has a fifty day moving average price of C$5.99 and a two-hundred day moving average price of C$5.10. The company has a market cap of C$255.61 million, a P/E ratio of 16.49 and a beta of 0.44.

Dynacor Group Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 19th were given a dividend of $0.0133 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Tuesday, December 9th. Dynacor Group’s payout ratio is 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.