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Dynacor Group (TSE:DNG) Shares Pass Above 50-Day Moving Average - Here's What Happened

Dynacor Group logo with Basic Materials background

Key Points

  • Dynacor Group Inc. shares have surpassed their fifty-day moving average, trading as high as C$5.00 and closing at C$4.95 during recent trading sessions.
  • Canaccord Genuity Group has raised Dynacor Group's rating to a "strong-buy" based on their analysis.
  • Dynacor announced a monthly dividend of $0.0133, expected to yield 3.2%, payable on August 19th to record investors.
  • Want stock alerts on Dynacor Group? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Dynacor Group Inc. (TSE:DNG - Get Free Report) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$4.63 and traded as high as C$5.00. Dynacor Group shares last traded at C$4.95, with a volume of 96,629 shares changing hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised Dynacor Group to a "strong-buy" rating in a report on Friday, June 6th.

Read Our Latest Stock Report on DNG

Dynacor Group Price Performance

The company has a market cap of C$146.38 million, a price-to-earnings ratio of 6.94 and a beta of 1.09. The company has a fifty day moving average price of C$4.63 and a two-hundred day moving average price of C$4.97. The company has a current ratio of 4.36, a quick ratio of 3.50 and a debt-to-equity ratio of 0.59.

Dynacor Group Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, August 19th. Investors of record on Tuesday, August 19th will be paid a $0.0133 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a c) annualized dividend and a yield of 3.2%. Dynacor Group's payout ratio is currently 19.64%.

About Dynacor Group

(Get Free Report)

Dynacor, with 27 years of experience, is a Canadian-based dividend-paying industrial gold ore processor. The corporation is engaged in gold production by processing ore purchased from the ASM (artisanal and small-scale mining) industry. Dynacor operates in Peru, where its management and processing teams have decades of experience working with ASM miners.

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