Dundee (TSE:DC.A) Shares Cross Above 50 Day Moving Average - Here's What Happened

Key Points

• Dundee Corp.'s stock price surpassed its fifty-day moving average, reaching a high of C$2.89 before closing at C$2.83.
• The company holds a market capitalization of C$244.03 million and has a price-to-earnings ratio of 8.32.
• Dundee Corp. specializes in asset management and provides a range of financial services including investment management and real estate services.

Dundee Corp. (TSE:DC.A - Get Free Report) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$2.65 and traded as high as C$2.89. Dundee shares last traded at C$2.83, with a volume of 34,908 shares traded.

Dundee Trading Up 2.6%

The company has a quick ratio of 5.04, a current ratio of 7.22 and a debt-to-equity ratio of 6.49. The firm's 50 day simple moving average is C$2.70 and its 200-day simple moving average is C$2.28. The company has a market capitalization of C$267.31 million, a PE ratio of 9.12 and a beta of 1.40.

About Dundee

Dundee Corporation, an asset management company, provides wealth management, real estate, resources, and investment services in Canada and the United States. The company's Wealth Management segment offers investment management, financial advisory, capital market, and various banking services. This segment also creates, manages, and administers investment products, as well as provides internal and third-party management, and advisory services to various investment products, including mutual funds, private clients, portfolio solutions, tax-assisted investment products, closed-end investment products, and alternative investment products.