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

Key Points

• Dynacor Group's stock price fell below its 50-day moving average of C$4.71, trading as low as C$4.41 and closing at C$4.49.
• The company announced a monthly dividend of $0.0133 per share, with a dividend yield of 3.6%, payable to shareholders on October 16th.
• Dynacor Group has a market capitalization of C$187.98 million, and its financial ratios indicate a solid performance, including a debt-to-equity ratio of 0.59.

Dynacor Group Inc. (TSE:DNG - )'s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$4.71 and traded as low as C$4.41. Dynacor Group shares last traded at C$4.49, with a volume of 79,818 shares.

Dynacor Group Trading Up 1.6%

The company has a 50-day moving average price of C$4.71 and a 200-day moving average price of C$4.68. The firm has a market capitalization of C$187.98 million, a price-to-earnings ratio of 10.95 and a beta of 0.21. 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 Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Thursday, October 16th will be given a dividend of $0.0133 per share. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Thursday, October 9th. Dynacor Group's dividend payout ratio is currently 26.49%.

Dynacor Group Company Profile

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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