Pulse Seismic (TSE:PSD) Hits New 52-Week High - Here's Why

Shares of Pulse Seismic Inc. (TSE:PSD - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as C$3.20 and last traded at C$3.14, with a volume of 21649 shares trading hands. The stock had previously closed at C$3.08.

Pulse Seismic Trading Up 2.9%

The company has a market cap of C$181.49 million, a price-to-earnings ratio of 16.69 and a beta of 0.68. The firm has a 50 day moving average price of C$2.78 and a two-hundred day moving average price of C$2.56. The company has a quick ratio of 7.28, a current ratio of 3.85 and a debt-to-equity ratio of 1.25.

Pulse Seismic Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Tuesday, May 20th were paid a $0.0175 dividend. This is a boost from Pulse Seismic's previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.07 annualized dividend and a dividend yield of 1.96%. Pulse Seismic's dividend payout ratio is presently 28.05%.

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.