Short Interest in Dundee Precious Metals Inc. (OTCMKTS:DPMLF) Drops By 13.4%

Dundee Precious Metals Inc. (OTCMKTS:DPMLF) saw a significant decrease in short interest in 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 volume of 14,400 shares, the days-to-cover ratio is currently 123.0 days.

Dundee Precious Metals Stock Up 2.5 %

Shares of OTCMKTS DPMLF traded up $0.23 during mid-day trading on Monday, reaching $9.46. 19,585 shares of the company were exchanged, compared to its average volume of 23,688. The stock has a market capitalization of $1.69 billion, a P/E ratio of 8.32 and a beta of 0.64. The company’s 50-day simple moving average is $9.64 and its 200-day simple moving average is $9.19. Dundee Precious Metals has a twelve month low of $5.78 and a twelve month high of $10.75.

Dundee Precious Metals Announces Dividend

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

Dundee Precious Metals Company Profile

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.