Trican Well Service (OTCMKTS:TOLWF) Shares Pass Below 50 Day Moving Average – Time to Sell?

Shares of Trican Well Service Ltd. (OTCMKTS:TOLWF) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $3.31 and traded as low as $3.10. Trican Well Service shares last traded at $3.12, with a volume of 33,229 shares trading hands.

Trican Well Service Stock Performance

The stock’s 50 day simple moving average is $3.29 and its 200 day simple moving average is $3.39.

Trican Well Service Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.0352 per share. This represents a yield of 4.61%. The ex-dividend date is Friday, March 14th. This is a positive change from Trican Well Service’s previous dividend of $0.03. Trican Well Service’s payout ratio is -145.40%.

About Trican Well Service

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.