Pulse Seismic (TSE:PSD) Shares Down 1.7% – Here’s What Happened

Pulse Seismic Inc. (TSE:PSD) shares were down 1.7% on Tuesday . The company traded as low as C$2.20 and last traded at C$2.31. Approximately 5,205 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 16,307 shares. The stock had previously closed at C$2.35.

Pulse Seismic Stock Performance

The firm has a market cap of C$118.36 million, a P/E ratio of 9.63 and a beta of 0.68. The company has a current ratio of 4.05, a quick ratio of 7.28 and a debt-to-equity ratio of 1.11. The company’s 50-day moving average is C$2.32 and its two-hundred day moving average is C$2.39.

Pulse Seismic Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 28th. Investors of record on Thursday, November 28th were given a dividend of $0.015 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.06 annualized dividend and a dividend yield of 2.60%. Pulse Seismic’s payout ratio is 25.00%.

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.