Dynacor Group (TSE:DNG) Stock Price Up 11% – What’s Next?

Dynacor Group Inc. (TSE:DNG)’s stock price was up 11% on Thursday . The company traded as high as C$6.10 and last traded at C$5.95. Approximately 95,391 shares were traded during mid-day trading, an increase of 9% from the average daily volume of 87,212 shares. The stock had previously closed at C$5.36.

Dynacor Group Price Performance

The company has a debt-to-equity ratio of 0.53, a current ratio of 4.63 and a quick ratio of 3.50. The firm has a market cap of C$242.62 million, a PE ratio of 15.65 and a beta of 0.56. The business’s fifty day moving average is C$6.18 and its 200-day moving average is C$5.32.

Dynacor Group Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, March 17th. Investors of record on Tuesday, March 17th were paid a $0.0133 dividend. The ex-dividend date was Monday, March 9th. This represents a c) annualized dividend and a yield of 2.8%. Dynacor Group’s dividend payout ratio is presently 30.19%.

Dynacor Group Company Profile

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.