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 Stock Down 6.7 %
Shares of TSE:CEE opened at C$1.40 on Thursday. Centamin has a 12 month low of C$1.15 and a 12 month high of C$1.89. The company has a current ratio of 3.94, a quick ratio of 2.09 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of C$1.62 billion and a price-to-earnings ratio of 10.00. The business has a 50-day moving average of C$1.29 and a 200-day moving average of C$1.44.
Centamin Cuts Dividend
The firm also recently disclosed a Semi-Annual dividend, which will be paid on Friday, October 7th. Stockholders of record on Friday, September 2nd will be issued a dividend of $0.032 per share. The ex-dividend date of this dividend is Thursday, September 1st. Centamin's payout ratio is 64.29%.
Insider Transactions at Centamin
In other news, Director Mark Anthony Bankes bought 30,000 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at approximately C$266,684.