Dundee Precious Metals (TSE:DPM) Shares Cross Above 200-Day Moving Average of $4.54
Shares of Dundee Precious Metals Inc (TSE:DPM) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.54 and traded as high as $5.32. Dundee Precious Metals shares last traded at $4.92, with a volume of 436,997 shares changing hands.
Separately, Royal Bank of Canada raised their target price on Dundee Precious Metals from C$5.50 to C$6.00 in a report on Wednesday, June 26th.
The stock has a fifty day simple moving average of C$5.09 and a two-hundred day simple moving average of C$4.54. The stock has a market cap of $901.58 million and a price-to-earnings ratio of 26.41. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.61 and a current ratio of 1.03.
In related news, Director Peter Nixon sold 9,000 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of C$4.79, for a total transaction of C$43,110.00. Following the sale, the director now owns 754 shares of the company’s stock, valued at approximately C$3,611.66. Also, Director Nikolay Hristov sold 22,934 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of C$4.86, for a total value of C$111,466.12. In the last ninety days, insiders sold 54,867 shares of company stock worth $265,801.
Dundee Precious Metals Company Profile (TSE:DPM)
Dundee Precious Metals Inc, a gold mining company, engages in the acquisition, exploration, development, mining, and processing of precious metals. Its principal operating assets include the Chelopech, which owns and operates gold, copper, and silver mine located in east of Sofia, Bulgaria; Krumovgrad that operates a gold mine located in south eastern Bulgaria; and Tsumeb, which owns and operates custom smelter located in Tsumeb, Namibia.
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