Centamin (TSE:CEE) Stock Crosses Above Fifty Day Moving Average of $2.21

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Centamin PLC (TSE:CEE)’s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $2.21 and traded as high as $2.18. Centamin shares last traded at $2.16, with a volume of 12,164 shares trading hands.

The company’s fifty day simple moving average is C$2.21 and its two-hundred day simple moving average is C$1.80. The stock has a market capitalization of $2.28 billion and a PE ratio of 44.78.

The company also recently declared a dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 27th will be issued a dividend of $0.04 per share. The ex-dividend date is Thursday, August 29th. This is an increase from Centamin’s previous dividend of $0.03. This represents a dividend yield of 1.95%. Centamin’s payout ratio is 119.57%.

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

About Centamin (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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