Centamin (TSE:CEE) Stock Price Passes Above 50-Day Moving Average of $2.19

Shares of Centamin PLC (TSE:CEE) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $2.19 and traded as high as $2.19. Centamin shares last traded at $2.18, with a volume of 1,300 shares traded.

The stock has a market cap of $2.50 billion and a P/E ratio of 45.43. The firm has a 50-day simple moving average of C$2.20 and a two-hundred day simple moving average of C$1.80.

The company also recently disclosed a dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 27th will be given a dividend of $0.04 per share. This is a boost from Centamin’s previous dividend of $0.03. The ex-dividend date of this dividend is Thursday, August 29th. This represents a yield of 1.95%. Centamin’s dividend payout ratio (DPR) is presently 119.57%.

In other Centamin news, Director Heidi Anne Brown sold 24,000 shares of the stock in a transaction on Friday, June 28th. The stock was sold at an average price of C$1.15, for a total transaction of C$27,480.00. Following the transaction, the director now owns 26,500 shares in the company, valued at approximately C$30,342.50.

Centamin Company Profile (TSE:CEE)

Centamin plc is a mineral exploration, development and mining company. The Company is engaged in the business of exploration and production of precious metals. It operates in Australia, Jersey, Egypt, Burkina Faso and Cote d’Ivoire. Its principal asset, the Sukari Gold Mine (SGM), is located in the Eastern Desert, approximately 900 kilometers from Cairo and 25 kilometers from the Red Sea.

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