Dynacor Group (TSE:DNG) Share Price Breaks Above 50-Day Moving Average – Should You Sell?

Shares of Dynacor Group Inc. (TSE:DNG) crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of C$5.32 and traded as high as C$5.39. Dynacor Group shares last traded at C$5.37, with a volume of 76,520 shares trading hands.

Dynacor Group Price Performance

The company has a current ratio of 3.60, a quick ratio of 3.50 and a debt-to-equity ratio of 0.34. The company has a fifty day simple moving average of C$5.32 and a two-hundred day simple moving average of C$5.96. The stock has a market capitalization of C$225.27 million, a P/E ratio of 10.96 and a beta of 1.07.

Dynacor Group (TSE:DNG) last posted its quarterly earnings data on Thursday, August 13th. The company reported C$0.04 EPS for the quarter. Dynacor Group had a return on equity of 15.46% and a net margin of 3.96%. The business had revenue of C$205.19 million for the quarter. Sell-side analysts expect that Dynacor Group Inc. will post 0.43 EPS for the current fiscal year.

Dynacor Group Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, November 17th. Stockholders of record on Tuesday, November 17th will be issued a dividend of $0.0133 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, November 9th. Dynacor Group’s payout ratio is 23.57%.

Dynacor Group Company Profile

Dynacor Group is an 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 . The company is expanding to West Africa and within Latin America .