Pulse Seismic (TSE:PSD) Share Price Crosses Above 200 Day Moving Average - Here's Why

Key Points

• Pulse Seismic's share price crossed above its 200-day moving average of C$3.11, reaching a high of C$3.64 during trading.
• The company recently announced a quarterly dividend of $0.0175, with a dividend yield of 2.0% and a payout ratio of 14.20%.
• Pulse Seismic operates in the energy sector, providing seismic data and project management services for energy exploration in western Canada.

Pulse Seismic Inc. (TSE:PSD - )'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$3.11 and traded as high as C$3.64. Pulse Seismic shares last traded at C$3.55, with a volume of 15,718 shares trading hands.

Pulse Seismic Stock Down 0.6%

The firm has a market cap of C$180.18 million, a price-to-earnings ratio of 8.07 and a beta of 0.48. The stock's 50 day moving average is C$3.79 and its 200 day moving average is C$3.11. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Wednesday, August 20th were paid a $0.0175 dividend. This represents a $0.07 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, August 13th. Pulse Seismic's payout ratio is currently 14.20%.

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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