Pulse Seismic (TSE:PSD) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Pulse Seismic Inc. (TSE:PSD) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$2.46 and traded as high as C$2.82. Pulse Seismic shares last traded at C$2.81, with a volume of 3,845 shares trading hands.

Pulse Seismic Price Performance

The company has a market capitalization of C$142.85 million, a price-to-earnings ratio of 13.14 and a beta of 0.68. The company has a current ratio of 3.85, a quick ratio of 7.28 and a debt-to-equity ratio of 1.25. The company has a 50 day moving average price of C$2.52 and a 200 day moving average price of C$2.46.

Pulse Seismic Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Tuesday, May 20th were paid a $0.0175 dividend. This is a positive change from Pulse Seismic’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.07 annualized dividend and a yield of 2.49%. Pulse Seismic’s dividend payout ratio is presently 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.