Insider Selling: Pulse Seismic (TSE:PSD) Director Sells 417,700 Shares

Key Points

• Pulse Seismic director Neal James Coleman sold 417,700 shares at an average price of C$2.85, generating C$1.19 million. After the transaction, he held just 17 shares, effectively eliminating his ownership stake.
• Pulse Seismic shares recently traded at C$2.95, near the lower end of their C$2.67–C$5.24 52-week range. The company reported quarterly revenue of C$3.61 million and earnings of C$0.03 per share.
• The company declared a quarterly dividend of C$0.0187, equivalent to an annualized C$0.07 payout and a 2.5% yield. Its payout ratio was reported at 712.5%.

Pulse Seismic Inc. (TSE:PSD - Get Free Report) Director Neal James Coleman sold 417,700 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of C$2.85, for a total transaction of C$1,190,445.00. Following the transaction, the director owned 17 shares of the company's stock, valued at approximately C$48.45. This represents a 100.00% decrease in their ownership of the stock.

Neal James Coleman also recently made the following trade(s):

• On Tuesday, August 11th, Neal James Coleman sold 5,000 shares of Pulse Seismic stock. The shares were sold at an average price of C$3.00, for a total value of C$15,000.00.

Pulse Seismic Price Performance

Shares of PSD stock traded up C$0.06 on Friday, reaching C$2.95. The company had a trading volume of 57,229 shares, compared to its average volume of 48,117. The stock has a market capitalization of C$149.61 million, a PE ratio of 295.00 and a beta of 0.21. The company has a quick ratio of 7.28, a current ratio of 7.25 and a debt-to-equity ratio of 1.31. The business's 50-day moving average is C$3.22 and its 200 day moving average is C$3.69. Pulse Seismic Inc. has a one year low of C$2.67 and a one year high of C$5.24.

Pulse Seismic (TSE:PSD - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported C$0.03 EPS for the quarter. Pulse Seismic had a net margin of 2.42% and a return on equity of 2.74%. The company had revenue of C$3.61 million for the quarter. Equities research analysts forecast that Pulse Seismic Inc. will post 0.0407643 EPS for the current fiscal year.

Pulse Seismic Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 25th will be paid a $0.0187 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $0.07 annualized dividend and a dividend yield of 2.5%. Pulse Seismic's payout ratio is currently 712.50%.

Pulse Seismic Company Profile

Pulse Seismic Inc is a Canadian company which acts as a provider of seismic data to the energy sector in western Canada. The company is engaged in the acquisition, marketing, and licensing of 2D and 3D seismic data to the energy sector. It offers the full suite of project management services including On-site professional project management, experienced cost estimation services, daily reporting to clients and detailed project cost tracking, procurement of subcontractors to ensure regulatory compliance, and others.

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