Dynacor Group (TSE:DNG) Shares Pass Above 50 Day Moving Average – Time to Sell?

Shares of Dynacor Group Inc. (TSE:DNG) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$6.13 and traded as high as C$6.51. Dynacor Group shares last traded at C$6.49, with a volume of 28,949 shares traded.

Dynacor Group Trading Up 1.4%

The firm has a market cap of C$271.96 million, a P/E ratio of 17.54 and a beta of 0.44. The business’s 50 day moving average is C$6.13 and its 200-day moving average is C$5.16. The company has a quick ratio of 3.50, a current ratio of 4.36 and a debt-to-equity ratio of 0.59.

Dynacor Group Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 19th were given a dividend of $0.0133 per share. The ex-dividend date of this dividend was Tuesday, December 9th. This represents a c) annualized dividend and a dividend yield of 2.5%. Dynacor Group’s dividend payout ratio (DPR) 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.