Dundee (TSE:DC.A) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Shares of Dundee Corp. (TSE:DC.A) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$4.11 and traded as low as C$3.47. Dundee shares last traded at C$3.60, with a volume of 112,535 shares.

Dundee Stock Performance

The stock has a market capitalization of C$333.31 million, a PE ratio of 1.26 and a beta of 1.34. The company’s 50-day moving average price is C$3.89 and its 200 day moving average price is C$4.11. The company has a debt-to-equity ratio of 6.49, a quick ratio of 5.04 and a current ratio of 7.22.

Dundee (TSE:DC.A) last announced its quarterly earnings results on Tuesday, May 12th. The company reported C($0.07) EPS 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($68.32) million during 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.