Tgs Asa (OTCMKTS:TGSGY) Stock Price Up 4.2% – Here’s Why

Shares of Tgs Asa (OTCMKTS:TGSGY) rose 4.2% during trading on Tuesday . The company traded as high as $8.15 and last traded at $7.91. Approximately 86,073 shares changed hands during trading, an increase of 140% from the average daily volume of 35,806 shares. The stock had previously closed at $7.59.

Tgs Asa Stock Performance

The business’s 50 day moving average is $7.85 and its 200 day moving average is $8.29.

Tgs Asa (OTCMKTS:TGSGY) last issued its earnings results on Thursday, July 17th. The company reported ($0.31) EPS for the quarter.

Tgs Asa Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, August 18th. Shareholders of record on Tuesday, July 29th were paid a $0.0841 dividend. This represents a yield of 482.0%. The ex-dividend date was Monday, July 28th. Tgs Asa’s dividend payout ratio is currently 45.30%.

Tgs Asa Company Profile

TGS ASA provides geoscience data services to the oil and gas industry worldwide. The company offers geophysical data, including multi-client seismic data; geological data comprising well data products, and interpretive studies and services; and interpretation products and data integration solutions. It also provides imaging services, which include 2D and 3D seismic imaging solution in depth and time domains; marine, land, and ocean bottom nodes; and transition zone, multi component, and 4D time-lapse processing.