Centamin (TSE:CEE) Hits New 12-Month High – Here’s Why

Shares of Centamin plc (TSE:CEEGet Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$3.15 and last traded at C$3.00, with a volume of 4300 shares. The stock had previously closed at C$3.18.

Centamin Stock Performance

The company has a market cap of C$3.41 billion, a P/E ratio of 30.00, a price-to-earnings-growth ratio of 0.85 and a beta of 0.56. The company’s fifty day moving average is C$2.57 and its 200 day moving average is C$2.28. The company has a current ratio of 3.44, a quick ratio of 2.09 and a debt-to-equity ratio of 0.29.

Centamin Increases Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were paid a $0.031 dividend. This represents a dividend yield of 0.93%. The ex-dividend date was Friday, August 30th. This is a positive change from Centamin’s previous Semi-Annual dividend of $0.03. Centamin’s payout ratio is 60.00%.

Centamin Company Profile

(Get Free Report)

Centamin plc, together with its subsidiaries, engages in the exploration, mining, and development of gold and precious metals in Egypt, Côte d'Ivoire, Burkina Faso, Jersey, the United Kingdom, and Australia. Its principal asset is the Sukari Gold Mine project, which covers an area of approximately 160 square kilometers located in the Eastern Desert of Egypt.

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