Dynacor Group (TSE:DNG) Stock Crosses Above 50-Day Moving Average – Here’s Why

Dynacor Group Inc. (TSE:DNG) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$5.91 and traded as high as C$6.19. Dynacor Group shares last traded at C$6.13, with a volume of 100,163 shares trading hands.

Dynacor Group Stock Performance

The company’s fifty day moving average price is C$5.92 and its two-hundred day moving average price is C$5.55. The company has a debt-to-equity ratio of 0.62, a quick ratio of 3.50 and a current ratio of 4.66. The firm has a market capitalization of C$204.40 million, a PE ratio of 10.04 and a beta of 1.09.

Dynacor Group Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 17th were paid a dividend of $0.0133 per share. The ex-dividend date of this dividend was Thursday, January 9th. This represents a $0.16 dividend on an annualized basis and a yield of 2.84%. This is an increase from Dynacor Group’s previous monthly dividend of $0.01. Dynacor Group’s dividend payout ratio (DPR) is currently 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.