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

Pulse Seismic Inc. (TSE:PSD)’s share price 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. Approximately 103,145 shares changed hands during mid-day trading, an increase of 137% from the average daily volume of 43,442 shares. The stock had previously closed at C$2.90.

Pulse Seismic Stock Performance

The stock has a market capitalization of C$167.87 million, a PE ratio of 331.00 and a beta of 0.20. The business’s 50 day moving average is C$3.00 and its 200 day moving average is C$3.45. The company has a current ratio of 7.25, a quick ratio of 7.28 and a debt-to-equity ratio of 1.31.

Pulse Seismic (TSE:PSD) last posted its quarterly earnings data on Tuesday, July 28th. The company reported C$0.03 earnings per share for the quarter. The company had revenue of C$3.61 million for the quarter. Pulse Seismic had a net margin of 2.42% and a return on equity of 2.74%. On average, equities research analysts predict that Pulse Seismic Inc. will post 0.0407643 earnings per share for the current fiscal year.

Pulse Seismic Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 25th were paid a dividend of $0.0187 per share. This represents a $0.07 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, August 11th. Pulse Seismic’s dividend payout ratio (DPR) is currently 712.50%.

Insider Transactions at Pulse Seismic

In other Pulse Seismic news, Director Neal James Coleman sold 417,700 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of C$2.85, for a total value of C$1,190,445.00. Following the transaction, the director owned 17 shares of the company’s stock, valued at C$48.45. This represents a 100.00% decrease in their position. 22.95% of the stock is currently owned by insiders.

Pulse Seismic Company Profile

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.