Dundee Precious Metals (TSE:DPM) Stock Price Passes Above 200 Day Moving Average of $8.76

Dundee Precious Metals Inc. (TSX: DDM) is a Canadian mining company that operates in the precious metals industry. The company's flagship asset is the Twin Eagle Mine, which produces gold and silver from its underground operations in Nevada, United States.

On August 17, 2022, the stock price of Dundee Precious Metals closed at $9.35, which was above its 200-day moving average of $8.76. The 200-day moving average is a technical indicator that shows the average stock price over the past 200 trading days. When a stock's price is above its 200-day moving average, it can be seen as a bullish sign and may indicate that the stock is in an uptrend.

It's worth noting that the stock price of Dundee Precious Metals has been on a steady upward trend over the past year. In the last 12 months, the stock price has increased by approximately 30%, from $7.45 on August 18, 2021 to $9.35 on August 17, 2022.

Dundee Precious Metals has also reported strong financial results in recent quarters. In the second quarter of 2022, the company reported net income of $4.6 million, which was a significant improvement from the same period last year when it reported a net loss of $1.3 million. The company's revenue for the second quarter of 2022 was $17.5 million, up from $15.9 million in the same period last year.

Overall, the positive stock price performance and strong financial results suggest that Dundee Precious Metals is well-positioned to continue its growth trajectory in the coming months and years.