Dynacor Group (TSE:DNG) Share Price Passes Above 50-Day Moving Average – What’s Next?

Dynacor Group Inc. (TSE:DNG) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$5.19 and traded as high as C$5.87. Dynacor Group shares last traded at C$5.73, with a volume of 36,435 shares changing hands.

Dynacor Group Trading Down 0.3 %

The business has a 50 day simple moving average of C$5.19 and a 200-day simple moving average of C$5.25. The company has a debt-to-equity ratio of 0.62, a quick ratio of 3.50 and a current ratio of 4.66. The stock has a market capitalization of C$208.40 million, a P/E ratio of 10.23 and a beta of 1.09.

Dynacor Group (TSE:DNG) last issued its quarterly earnings results on Wednesday, August 14th. The company reported C$0.16 earnings per share (EPS) for the quarter. The firm had revenue of C$92.26 million during the quarter, compared to analyst estimates of C$90.31 million. Dynacor Group had a return on equity of 16.93% and a net margin of 5.83%. On average, analysts predict that Dynacor Group Inc. will post 0.43 EPS for the current year.

Dynacor Group Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, October 10th will be paid a dividend of $0.012 per share. This represents a $0.14 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Thursday, October 10th. Dynacor Group’s dividend payout ratio is presently 25.00%.

Dynacor Group Company Profile

Dynacor Group Inc engages in the exploration, development, and mining of minerals properties in Peru. The company explores for gold, silver, copper, and other precious metal deposits. Its flagship property is the Tumipampa project covering an area of 5,796 hectares located in the Circa district, Peru.