Dundee Precious Metals Inc. (OTCMKTS:DPMLF) Sees Large Drop in Short Interest

Dundee Precious Metals Inc. (OTCMKTS:DPMLF) saw a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 1,771,400 shares, a decrease of 13.4% from the November 15th total of 2,044,800 shares. Based on an average daily trading volume, of 14,400 shares, the short-interest ratio is currently 123.0 days.

Dundee Precious Metals Stock Up 2.5 %

Shares of OTCMKTS DPMLF traded up $0.23 during trading hours on Monday, hitting $9.46. The company had a trading volume of 19,585 shares, compared to its average volume of 23,688. Dundee Precious Metals has a 1-year low of $5.78 and a 1-year high of $10.75. The firm’s 50 day moving average is $9.63 and its 200-day moving average is $9.20. The stock has a market capitalization of $1.69 billion, a P/E ratio of 8.53 and a beta of 0.64.

Dundee Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Tuesday, December 31st. Dundee Precious Metals’s dividend payout ratio (DPR) is presently 14.41%.

About Dundee Precious Metals

Dundee Precious Metals Inc, a gold mining company, engages in the acquisition, exploration, development, mining, and processing of precious metals. The company primarily explores for gold, copper, and silver deposits. It holds a portfolio of projects located in Bulgaria, Namibia, Serbia, and Ecuador.