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

Key Points

• Pulse Seismic Inc. (TSE:PSD) stock has recently crossed above its 200-day moving average, indicating potential positive momentum, with shares trading at C$3.40.
• The firm announced a quarterly dividend of $0.0175, leading to an annualized dividend yield of 2.1% and a payout ratio of 14.20%.
• Pulse Seismic specializes in providing seismic data to the energy sector in western Canada, including a range of project management services.

Pulse Seismic Inc. (TSE:PSD - ) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$3.15 and traded as high as C$3.41. Pulse Seismic shares last traded at C$3.40, with a volume of 31,247 shares.

Pulse Seismic Price Performance

The business has a fifty day moving average of C$3.76 and a 200-day moving average of C$3.15. The firm has a market cap of C$172.57 million, a PE ratio of 7.73 and a beta of 0.27. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Wednesday, August 20th were given a $0.0175 dividend. This represents a $0.07 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Wednesday, August 13th. Pulse Seismic's dividend payout ratio (DPR) is currently 14.20%.

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.

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