Pulse Seismic (TSE:PSD) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• Pulse Seismic Inc. stock price recently crossed above its 200-day moving average of C$3.02, reaching a high of C$3.55 during trading.
• The company announced a quarterly dividend of $0.0175 per share, representing an annualized yield of 2.0%.
• Pulse Seismic is a provider of seismic data to the energy sector in western Canada, engaging in the acquisition, marketing, and licensing of both 2D and 3D seismic data.

Pulse Seismic Inc. (TSE:PSD - )'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$3.02 and traded as high as C$3.55. Pulse Seismic shares last traded at C$3.50, with a volume of 57,108 shares trading hands.

Pulse Seismic Trading Down 1.4%

The business has a fifty day simple moving average of C$3.79 and a 200 day simple moving average of C$3.02. The stock has a market cap of C$177.64 million, a price-to-earnings ratio of 7.95 and a beta of 0.48. The company has a debt-to-equity ratio of 1.25, a quick ratio of 7.28 and a current ratio of 3.85.

Pulse Seismic Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 20th were issued a dividend of $0.0175 per share. This represents a $0.07 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Wednesday, August 13th. Pulse Seismic's dividend payout ratio is 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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