Dynacor Group (TSE:DNG) Shares Cross Above 50 Day Moving Average – What’s Next?

Dynacor Group Inc. (TSE:DNG) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$5.40 and traded as high as C$5.80. Dynacor Group shares last traded at C$5.78, with a volume of 38,900 shares changing hands.

Dynacor Group Stock Performance

The stock has a market cap of C$210.22 million, a price-to-earnings ratio of 10.32 and a beta of 1.09. The firm’s 50-day moving average is C$5.40 and its two-hundred day moving average is C$5.34. The company has a current ratio of 4.66, a quick ratio of 3.50 and a debt-to-equity ratio of 0.62.

Dynacor Group (TSE:DNG) last announced its quarterly earnings data on Wednesday, August 14th. The company reported C$0.16 earnings per share for the quarter. The company had revenue of C$92.26 million for the quarter, compared to analyst estimates of C$90.31 million. Dynacor Group had a return on equity of 16.93% and a net margin of 5.83%. As a group, sell-side analysts expect that Dynacor Group Inc. will post 0.43 earnings per share for the current year.

Dynacor Group Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, November 19th. Investors of record on Friday, November 8th will be paid a dividend of $0.012 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.14 annualized dividend and a yield of 2.49%. Dynacor Group’s dividend payout ratio is presently 25.00%.

About Dynacor Group

Dynacor Group Inc engages in the exploration, development, and mining of minerals properties in Peru. The company explores for gold, silver, copper, and other precious metal deposits. Its flagship property is the Tumipampa project covering an area of 5,796 hectares located in the Circa district, Peru.