Pulse Seismic (TSE:PSD) Shares Cross Above 200 Day Moving Average - Here's What Happened

Key Points

• Pulse Seismic Inc. shares have crossed above their two hundred day moving average, currently trading at C$3.80 with a market cap of C$192.87 million.
• The company declared a quarterly dividend of $0.0175 per share, translating to an annualized yield of 1.8% and a payout ratio of 14.20%.
• Pulse Seismic specializes in providing seismic data to the energy sector in western Canada, offering comprehensive project management services along with data acquisition and licensing.

Pulse Seismic Inc. (TSE:PSD - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.98 and traded as high as C$3.89. Pulse Seismic shares last traded at C$3.80, with a volume of 41,074 shares trading hands.

Pulse Seismic Price Performance

The company has a quick ratio of 7.28, a current ratio of 3.85 and a debt-to-equity ratio of 1.25. The company has a market capitalization of C$187.79 million, a P/E ratio of 8.41 and a beta of 0.48. The company has a 50-day moving average of C$3.79 and a two-hundred day moving average of C$3.01.

Pulse Seismic Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders 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 dividend yield of 1.9%. The ex-dividend date was Wednesday, August 13th. Pulse Seismic's payout ratio is 14.20%.

About Pulse Seismic

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.