Centamin - CEE Stock Forecast, Price & News

Centamin plc engages in the exploration, mining, and development of precious metals in Egypt, Burkina Faso, Côte d'Ivoire, Jersey, the United Kingdom, and Australia. The company explores for gold deposits. Its principal asset is the Sukari Gold Mine project, which covers an area of approximately 160 square kilometers located in the Eastern Desert of Egypt. The company was incorporated in 2011 and is headquartered in Saint Helier, Jersey.

Centamin Price Performance

Shares of TSE:CEE traded down C$0.03 during trading on Friday, reaching C$1.40. The company had a trading volume of 38,225 shares, compared to its average volume of 45,501. Centamin has a 52 week low of C$1.15 and a 52 week high of C$1.89. The stock has a market cap of C$1.62 billion and a PE ratio of 12.73. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 4.68. The business's 50 day moving average price is C$1.27 and its 200-day moving average price is C$1.44.

Centamin Cuts Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Friday, October 7th. Shareholders of record on Friday, September 2nd will be paid a $0.032 dividend. The ex-dividend date of this dividend is Thursday, September 1st. Centamin's dividend payout ratio is presently 63.64%.

Insiders Place Their Bets

In related news, Senior Officer Ross Jerrard bought 67,000 shares of the company's stock in a transaction on Thursday, May 19th. The stock was bought at an average cost of C$0.83 per share, with a total value of C$55,275.00. Following the completion of the purchase, the insider now owns 567,000 shares in the company, valued at approximately C$467,775. In other Centamin news, Director Mark Anthony Bankes purchased 30,000 shares of the stock in a transaction dated Friday, May 20th. The stock was bought at an average price of C$0.84 per share, for a total transaction of C$25,080.00. Following the transaction, the director now directly owns 319,000 shares in the company, valued at C$266,684. Also, Senior Officer Ross Jerrard purchased 67,000 shares of the stock in a transaction dated Thursday, May 19th. The shares were acquired at an average price of C$0.83 per share, with a total value of C$55,275.00. Following the transaction, the insider now owns 567,000 shares in the company, valued at C$467,775.