Dynacor Group (TSE:DNG) Shares Down 8.3% – Here’s Why

Dynacor Group Inc. (TSE:DNG) shares dropped 8.3% on Friday . The stock traded as low as C$5.56 and last traded at C$5.62. Approximately 130,250 shares were traded during mid-day trading, an increase of 273% from the average daily volume of 34,939 shares. The stock had previously closed at C$6.13.

Dynacor Group Trading Down 7.3 %

The business has a 50 day simple moving average of C$5.91 and a two-hundred day simple moving average of C$5.55. The company has a current ratio of 4.66, a quick ratio of 3.50 and a debt-to-equity ratio of 0.62. The company has a market cap of C$206.58 million, a PE ratio of 10.14 and a beta of 1.09.

Dynacor Group Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 17th were paid a $0.0133 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 2.81%. This is a positive change from Dynacor Group’s previous monthly dividend of $0.01. The ex-dividend date of this dividend was Thursday, January 9th. Dynacor Group’s dividend payout ratio (DPR) 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.