Centamin (TSE:CEE) Reaches New 12-Month High – Time to Buy?

Centamin plc (TSE:CEE)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$3.15 and last traded at C$3.00, with a volume of 4300 shares changing hands. The stock had previously closed at C$3.18.

Centamin Stock Performance

The company’s 50-day moving average price is C$2.57 and its 200 day moving average price is C$2.28. The stock has a market capitalization of C$3.41 billion, a PE ratio of 30.00, a PEG ratio of 0.85 and a beta of 0.56. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.09 and a current ratio of 3.44.

Centamin Increases Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were given a dividend of $0.031 per share. The ex-dividend date was Friday, August 30th. This is a positive change from Centamin’s previous Semi-Annual dividend of $0.03. This represents a dividend yield of 0.93%. Centamin’s 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.