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

Key Points

• Pulse Seismic Inc. (TSE:PSD) shares have crossed above their 200-day moving average of C$2.73, currently trading at C$3.97 with a high of C$3.99 during the session.
• The company has declared a quarterly dividend of $0.0175 per share, translating to a 1.8% yield and a dividend payout ratio of 28.05%.
• Pulse Seismic specializes in providing seismic data and services to the energy sector in western Canada, focusing on both 2D and 3D data acquisition.

Pulse Seismic Inc. (TSE:PSD - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.73 and traded as high as C$3.99. Pulse Seismic shares last traded at C$3.97, with a volume of 94,338 shares traded.

Pulse Seismic Trading Up 1.2%

The company has a debt-to-equity ratio of 1.25, a current ratio of 3.85 and a quick ratio of 7.28. The company's 50 day simple moving average is C$3.25 and its 200 day simple moving average is C$2.75. The firm has a market cap of C$206.40 million, a price-to-earnings ratio of 18.98 and a beta of 0.68.

Pulse Seismic Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 20th will be paid a $0.0175 dividend. This represents a $0.07 annualized dividend and a yield of 1.7%. The ex-dividend date is Wednesday, August 13th. Pulse Seismic's dividend 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.