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

Shares of Pulse Seismic Inc. (TSE:PSD - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.40 and traded as high as C$2.53. Pulse Seismic shares last traded at C$2.51, with a volume of 3,170 shares trading hands.

Pulse Seismic Trading Up 1.6 %

The company has a market cap of C$128.62 million, a P/E ratio of 11.83 and a beta of 0.68. The business has a 50 day moving average price of C$2.44 and a 200-day moving average price of C$2.40. The company has a current ratio of 3.85, a quick ratio of 7.28 and a debt-to-equity ratio of 1.25.

Pulse Seismic Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Tuesday, May 20th will be paid a dividend of $0.0175 per share. The ex-dividend date is Monday, May 12th. This is a positive change from Pulse Seismic's previous quarterly dividend of $0.02. This represents a $0.07 annualized dividend and a dividend yield of 2.77%. Pulse Seismic's payout ratio is currently 28.05%.

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.