Pulse Seismic (TSE:PSD) Stock Price Passes Above 200-Day Moving Average - Here's Why

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 two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 changing hands.

Pulse Seismic Stock Down 0.7%

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 business has a 50-day moving average price of C$3.57 and a 200-day moving average price of C$2.89. The firm has a market capitalization of C$202.33 million, a PE ratio of 18.61 and a beta of 0.68.

Pulse Seismic Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 20th were paid 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 1.8%. Pulse Seismic's payout ratio is 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.