Dynacor Group (TSE:DNG) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Dynacor Group Inc. (TSE:DNG)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$5.60 and traded as low as C$4.40. Dynacor Group shares last traded at C$4.41, with a volume of 175,590 shares traded.

Dynacor Group Trading Down 5.8 %

The company has a 50 day moving average of C$5.39 and a 200 day moving average of C$5.61. The firm has a market cap of C$130.41 million, a price-to-earnings ratio of 6.19 and a beta of 1.09. The company has a current ratio of 4.36, a quick ratio of 3.50 and a debt-to-equity ratio of 0.59.

Dynacor Group Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, April 17th will be paid a $0.0133 dividend. The ex-dividend date is Thursday, April 10th. This represents a $0.16 annualized dividend and a dividend yield of 3.62%. Dynacor Group’s dividend payout ratio is presently 19.64%.

Insider Buying and Selling

In other Dynacor Group news, Senior Officer Daniel Misiano bought 5,000 shares of Dynacor Group stock in a transaction dated Thursday, February 6th. The shares were acquired at an average cost of C$5.50 per share, with a total value of C$27,500.00. 18.59% of the stock is currently owned by corporate insiders.

Dynacor Group Company Profile

Dynacor, with 27 years of experience, is a Canadian-based dividend-paying industrial gold ore processor. The corporation is engaged in gold production by processing ore purchased from the ASM (artisanal and small-scale mining) industry. Dynacor operates in Peru, where its management and processing teams have decades of experience working with ASM miners.