Dundee (TSE:DC.A) Stock Crosses Below 200-Day Moving Average – Here’s Why

Dundee Corp. (TSE:DC.A) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$4.03 and traded as low as C$3.93. Dundee shares last traded at C$3.98, with a volume of 101,819 shares trading hands.

Dundee Trading Up 1.8%

The company has a market capitalization of C$357.56 million, a P/E ratio of 1.64 and a beta of 1.45. The stock’s 50 day moving average is C$3.60 and its 200-day moving average is C$4.03. The company has a debt-to-equity ratio of 6.49, a current ratio of 7.22 and a quick ratio of 5.04.

Dundee (TSE:DC.A) last posted its quarterly earnings data on Tuesday, August 11th. The company reported C($0.31) earnings per share for the quarter. Dundee had a net margin of 478.33% and a return on equity of 9.20%. The firm had revenue of C($21.49) million for the quarter.

Dundee Company Profile

Dundee Corporation is a public Canadian independent mining-focused holding company, listed on the Toronto Stock Exchange under the symbol ‘DC.A’. The Corporation is primarily engaged in acquiring mineral resource assets. The Corporation operates with the objective of unlocking value through strategic investments in mining projects globally. Our team conducts due diligence in order to assess the geological, technical, environmental, and financial merits and risks of each project and looks to deploy capital where it can either seek to generate investment returns or where the Corporation can collaborate with operating partners and take strategic partnerships through direct interests in mining operations.