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

Key Points

• Pulse Seismic Inc. shares have crossed above their 200-day moving average, reaching a high of C$3.53, and currently trading at C$3.50.
• The company recently announced a quarterly dividend of $0.0175 per share, with an annualized yield of 2.0% and a payout ratio of 14.20%.
• Pulse Seismic, which serves the energy sector in western Canada, has a market capitalization of C$177.64 million and a PE ratio of 7.95.

Pulse Seismic Inc. (TSE:PSD - ) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$3.07 and traded as high as C$3.53. Pulse Seismic shares last traded at C$3.50, with a volume of 61,266 shares changing hands.

Pulse Seismic Trading Up 4.2%

The stock has a fifty day moving average of C$3.78 and a 200-day moving average of C$3.07. The company has a debt-to-equity ratio of 1.25, a quick ratio of 7.28 and a current ratio of 3.85. The company has a market cap of C$177.64 million, a PE ratio of 7.95 and a beta of 0.48.

Pulse Seismic Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 20th were given a dividend of $0.0175 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $0.07 dividend on an annualized basis and a yield of 2.0%. 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.

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