Trican Well Service (OTCMKTS:TOLWF) Shares Cross Above Fifty Day Moving Average – Here’s Why

Shares of Trican Well Service Ltd. (OTCMKTS:TOLWF) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $3.22 and traded as high as $3.29. Trican Well Service shares last traded at $3.25, with a volume of 55,809 shares trading hands.

Trican Well Service Price Performance

The company’s fifty day moving average is $3.22 and its two-hundred day moving average is $3.38.

Trican Well Service Increases Dividend

The company also recently announced a dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.0352 dividend. This is a boost from Trican Well Service’s previous dividend of $0.03. This represents a dividend yield of 4.61%. The ex-dividend date of this dividend was Friday, March 14th. Trican Well Service’s payout ratio is currently -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.