Dundee (TSE:DC.A) Stock Passes Below 200-Day Moving Average – Time to Sell?

Dundee Corp. (TSE:DC.A)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4.07 and traded as low as C$3.35. Dundee shares last traded at C$3.50, with a volume of 74,483 shares changing hands.

Dundee Stock Performance

The company has a current ratio of 7.22, a quick ratio of 5.04 and a debt-to-equity ratio of 6.49. The stock has a market cap of C$314.44 million, a PE ratio of 1.19 and a beta of 1.45. The business’s 50-day moving average price is C$3.69 and its 200-day moving average price is C$4.07.

Dundee (TSE:DC.A) last posted its earnings results on Tuesday, May 12th. The company reported C($0.07) EPS for the quarter. The firm had revenue of C($68.32) million for the quarter. Dundee had a net margin of 478.33% and a return on equity of 9.20%.

About Dundee

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.