Dynacor Group (TSE:DNG) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Dynacor Group Inc. (TSE:DNG) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$5.91 and traded as high as C$6.19. Dynacor Group shares last traded at C$6.13, with a volume of 100,163 shares.

Dynacor Group Stock Down 8.3 %

The firm’s fifty day simple moving average is C$5.92 and its 200-day simple moving average is C$5.55. The company has a market cap of C$204.40 million, a PE ratio of 10.04 and a beta of 1.09. The company has a quick ratio of 3.50, a current ratio of 4.66 and a debt-to-equity ratio of 0.62.

Dynacor Group Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 17th were issued a dividend of $0.0133 per share. This represents a $0.16 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend was Thursday, January 9th. This is a boost from Dynacor Group’s previous monthly dividend of $0.01. Dynacor Group’s dividend payout ratio is 25.00%.

About Dynacor Group

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.