Pulse Seismic (TSE:PSD) Shares Climb 13.8% – Should You Buy?

by · The Markets Daily

Shares of Pulse Seismic Inc. (TSE:PSD – Get Free Report) traded up 13.8% during mid-day trading on Thursday. The stock traded as high as C$3.33 and last traded at C$3.30. 103,145 shares traded hands during mid-day trading, an increase of 137% from the average session volume of 43,442 shares. The stock had previously closed at C$2.90.

Pulse Seismic Stock Performance

The business has a 50 day moving average of C$3.00 and a 200 day moving average of C$3.45. The company has a market capitalization of C$167.87 million, a P/E ratio of 331.00 and a beta of 0.20. The company has a quick ratio of 7.28, a current ratio of 7.25 and a debt-to-equity ratio of 1.31.

Pulse Seismic (TSE:PSD – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported C$0.03 earnings per share for the quarter. The business had revenue of C$3.61 million during the quarter. Pulse Seismic had a return on equity of 2.74% and a net margin of 2.42%. On average, sell-side analysts predict that Pulse Seismic Inc. will post 0.0407643 earnings per share for the current year.

Pulse Seismic Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 25th were issued a $0.0187 dividend. The ex-dividend date was Tuesday, August 11th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 2.3%. Pulse Seismic’s payout ratio is 712.50%.

Insider Activity

In related news, Director Neal James Coleman sold 417,700 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of C$2.85, for a total value of C$1,190,445.00. Following the completion of the transaction, the director owned 17 shares of the company’s stock, valued at approximately C$48.45. This trade represents a 100.00% decrease in their position. Corporate insiders own 22.95% of the company’s stock.

About Pulse Seismic

(Get Free Report)

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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