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

Key Points

• Pulse Seismic Inc. (TSE:PSD) surpassed its 200-day moving average of C$2.86 during trading, reaching a high of C$4.01.
• The company announced a quarterly dividend of $0.0175 per share, with a dividend yield of 1.8% and a payout ratio of 28.05%.
• Pulse Seismic has a market capitalization of C$200.81 million and a relatively low beta of 0.68, indicating lower volatility compared to the market.

Shares of Pulse Seismic Inc. (TSE:PSD - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.86 and traded as high as C$4.01. Pulse Seismic shares last traded at C$3.95, with a volume of 34,899 shares.

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$195.22 million, a P/E ratio of 17.95 and a beta of 0.68. The company's 50-day simple moving average is C$3.59 and its 200 day simple moving average is C$2.91.

Pulse Seismic Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 20th were given a $0.0175 dividend. This represents a $0.07 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Wednesday, August 13th. Pulse Seismic's payout ratio is currently 28.05%.

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.