Nancy Adriana Davies Purchases 5,000 Shares of Tree Island Steel Ltd. (TSE:TSL) Stock

Tree Island Steel Ltd. (TSE:TSL) Senior Officer Nancy Adriana Davies purchased 5,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were bought at an average price of C$2.92 per share, with a total value of C$14,580.00.

Tree Island Steel Trading Up 5.4 %

Shares of TSL traded up C$0.15 during trading on Friday, reaching C$2.95. 3,300 shares of the company traded hands, compared to its average volume of 9,396. Tree Island Steel Ltd. has a twelve month low of C$2.48 and a twelve month high of C$3.70. The stock has a market cap of C$77.14 million, a PE ratio of 59.00 and a beta of 0.96. The stock has a 50-day simple moving average of C$2.80 and a 200-day simple moving average of C$2.88. The company has a quick ratio of 1.75, a current ratio of 5.39 and a debt-to-equity ratio of 21.10.

Tree Island Steel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date was Friday, September 27th. Tree Island Steel’s dividend payout ratio is presently 240.00%.

Tree Island Steel Company Profile

Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products in Canada, the United States, and internationally. It offers low-carbon and high-carbon galvanized steel wires; clean and bright wire for industrial and original equipment manufacturer customers; agricultural products, including fencing, barbed wire, galvanized wire, and bright wire, as well as other fabricated wire products specifically for farming, ranching, and vineyards; welded wire concrete reinforcing mesh and other fabricated wire products for heavy construction industry and infrastructure projects; and nails and stucco reinforcing products for residential and light commercial construction.