Dynacor Group (TSE:DNG) Stock Price Passes Above Fifty Day Moving Average - Here's What Happened

Dynacor Group Inc. (TSE:DNG - Get Free Report)'s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$4.75 and traded as high as C$4.85. Dynacor Group shares last traded at C$4.77, with a volume of 34,196 shares.

Dynacor Group Stock Up 0.4%

The company's fifty day moving average is C$4.72 and its 200-day moving average is C$5.36. The company has a market capitalization of C$141.06 million, a PE ratio of 6.69 and a beta of 1.09. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.50 and a current ratio of 4.36.

Dynacor Group Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th were given a dividend of $0.0133 per share. The ex-dividend date was Thursday, May 8th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.35%. Dynacor Group's dividend payout ratio is currently 19.64%.

About Dynacor Group

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.