Centamin (TSE:CEE) Hits New 1-Year High at $2.83

Centamin plc (TSE:CEE)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$2.83 and last traded at C$2.83, with a volume of 19117 shares traded. The stock had previously closed at C$2.78.

Centamin Trading Up 1.1 %

The firm’s 50-day moving average price is C$2.29 and its 200 day moving average price is C$2.14. The company has a market cap of C$3.26 billion, a price-to-earnings ratio of 27.80, a P/E/G ratio of 0.85 and a beta of 0.56. 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 disclosed a Semi-Annual dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 27th will be issued a dividend of $0.031 per share. The ex-dividend date is Friday, August 30th. This represents a dividend yield of 0.93%. This is a positive change from Centamin’s previous Semi-Annual dividend of $0.03. Centamin’s dividend payout ratio is currently 60.00%.

About Centamin

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.