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Dynacor Group (TSE:DNG) Stock Crosses Below Two Hundred Day Moving Average - Here's Why

Dynacor Group logo with Basic Materials background

Dynacor Group Inc. (TSE:DNG - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$5.35 and traded as low as C$4.68. Dynacor Group shares last traded at C$4.69, with a volume of 43,245 shares.

Analysts Set New Price Targets

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

Check Out Our Latest Report on DNG

Dynacor Group Trading Down 1.1%

The company has a debt-to-equity ratio of 0.59, a current ratio of 4.36 and a quick ratio of 3.50. The business's 50 day moving average is C$4.69 and its 200 day moving average is C$5.33. The stock has a market cap of C$133.66 million, a price-to-earnings ratio of 6.34 and a beta of 1.09.

Dynacor Group Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 18th will be paid a dividend of $0.0133 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.16 annualized dividend and a dividend yield of 3.53%. Dynacor Group's dividend payout ratio is presently 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.

Further Reading

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