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

Key Points

• Dynacor crossed above its 50‑day moving average (50‑day MA C$6.01), trading as high as C$6.10 and last at C$5.97 on volume of 39,765 shares.
• The company reported C$0.23 EPS for the March quarter on C$183.43M revenue, with a P/E of 11.94, ROE of 16.72%, and analysts expect C$0.43 EPS for the fiscal year.
• Dynacor pays a monthly dividend of C$0.0133 per share (annualized yield ~2.7%) with a dividend payout ratio of about 23%.

Dynacor Group Inc. (TSE:DNG - Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$6.01 and traded as high as C$6.10. Dynacor Group shares last traded at C$5.97, with a volume of 39,765 shares trading hands.

Dynacor Group Stock Performance

The company has a 50 day simple moving average of C$6.01 and a 200-day simple moving average of C$5.58. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.69 and a quick ratio of 3.50. The stock has a market cap of C$250.39 million, a P/E ratio of 11.94 and a beta of 0.78.

Dynacor Group (TSE:DNG - Get Free Report) last announced its quarterly earnings data on Thursday, March 26th. The company reported C$0.23 EPS for the quarter. The firm had revenue of C$183.43 million for the quarter. Dynacor Group had a return on equity of 16.72% and a net margin of 5.35%. On average, equities analysts expect that Dynacor Group Inc. will post 0.43 earnings per share for the current fiscal year.

Dynacor Group Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, April 17th. Shareholders of record on Friday, April 17th were given a dividend of $0.0133 per share. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Thursday, April 9th. Dynacor Group's dividend payout ratio (DPR) is presently 23.02%.

About Dynacor Group

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.

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