Is this $50 Mic Up to the Job? Can I use it for voice overs?

Lately I've been using a lavalier mic - the Aputure A.Lav recorded into a Tascam DR100 Mk III for my voice overs. I've been curious if this dynamic mic I use for interviews could double as my voice-over mic. Do you think it's up to the job? I am reworking my little studio area and really need to get a nice boom arm and mic for my editing desk. Would be very interested in what you think. Do I need a new mic or can I use this Boya?
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