Dynacor Group (TSE:DNG) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of Dynacor Group Inc. (TSE:DNG – Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$6.13 and traded as low as C$5.61. Dynacor Group shares last traded at C$5.70, with a volume of 74,333 shares.

Dynacor Group Stock Down 0.2%

The firm’s 50-day moving average price is C$6.12 and its two-hundred day moving average price is C$6.13. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.50 and a current ratio of 3.60. The firm has a market cap of C$242.47 million, a PE ratio of 11.80 and a beta of 0.78.

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Dynacor Group (TSE:DNG – Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported C$0.04 EPS for the quarter. Dynacor Group had a net margin of 3.96% and a return on equity of 15.46%. The firm had revenue of C$205.19 million for the quarter. As a group, equities research analysts expect that Dynacor Group Inc. will post 0.43 EPS for the current fiscal year.

Dynacor Group Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 17th will be issued a $0.0133 dividend. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Wednesday, September 9th. Dynacor Group’s payout ratio is presently 23.57%.

About Dynacor Group

(Get Free Report)

Dynacor Group is an industrial ore processing company dedicated to producing gold sourced from artisanal miners. Since its establishment in 1996, Dynacor has pioneered a responsible mineral supply chain with stringent traceability and audit standards for the fast-growing artisanal mining industry. By focusing on formalized miners, the Canadian company offers a win-win approach for governments and miners globally. Dynacor operates the Veta Dorada plant and owns a gold exploration property in Peru.

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