Trican Well Service (OTCMKTS:TOLWF) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

Trican Well Service Ltd. (OTCMKTS:TOLWF) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $4.12 and traded as low as $4.0806. Trican Well Service shares last traded at $4.0980, with a volume of 5,451 shares traded.

Trican Well Service Stock Performance

The stock’s 50 day moving average price is $4.11 and its two-hundred day moving average price is $3.91.

Trican Well Service Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a $0.0398 dividend. This represents a dividend yield of 383.0%. This is a positive change from Trican Well Service’s previous dividend of $0.04. The ex-dividend date of this dividend was Friday, September 12th. Trican Well Service’s payout ratio is presently -145.40%.

Trican Well Service Company Profile

Trican Well Service Ltd., an equipment services company, provides various specialized products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily in Canada. The company offers cementing solutions, including pre-flushes and spacers, cement plugs, lost circulation, cement design, and laboratory solutions, as well as surface, intermediate, production, liner, horizontal, and remedial/squeeze cementing services.