Dynacor Group (TSE:DNG) Releases Quarterly Earnings Results

Dynacor Group (TSE:DNG) announced its quarterly earnings data on Thursday. The company reported C$0.24 earnings per share for the quarter, FiscalAI reports. Dynacor Group had a return on equity of 16.72% and a net margin of 5.35%.The company had revenue of C$214.23 million for the quarter.

Dynacor Group Stock Performance

Shares of TSE:DNG traded up C$0.34 during trading on Thursday, hitting C$6.36. 187,782 shares of the stock were exchanged, compared to its average volume of 85,477. Dynacor Group has a 1-year low of C$4.20 and a 1-year high of C$7.08. The company has a market capitalization of C$266.75 million, a price-to-earnings ratio of 12.72 and a beta of 0.75. The company’s fifty day simple moving average is C$5.94 and its 200-day simple moving average is C$5.66. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.50 and a current ratio of 3.69.

Dynacor Group Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, May 18th. Stockholders of record on Monday, May 18th will be issued a dividend of $0.0133 per share. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, May 11th. Dynacor Group’s dividend payout ratio (DPR) is presently 23.02%.

About Dynacor Group

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.