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Dynacor Group (TSE:DNG) Share Price Passes Below 50 Day Moving Average - Should You Sell?

Dynacor Group logo with Basic Materials background

Dynacor Group Inc. (TSE:DNG - Get Free Report) shares crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$4.70 and traded as low as C$4.40. Dynacor Group shares last traded at C$4.48, with a volume of 60,670 shares traded.

Wall Street Analyst Weigh In

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

Get Our Latest Analysis on DNG

Dynacor Group Trading Down 1.3%

The company has a market capitalization of C$129.82 million, a price-to-earnings ratio of 6.16 and a beta of 1.09. 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 has a fifty day moving average price of C$4.68 and a 200 day moving average price of C$5.18.

Dynacor Group Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 18th were given a dividend of $0.0133 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date was Wednesday, June 11th. 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.

See Also

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