Pulse Seismic (TSE:PSD) Reaches New 52-Week High – Should You Buy?

Pulse Seismic Inc. (TSE:PSD)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$2.80 and last traded at C$2.80, with a volume of 6189 shares traded. The stock had previously closed at C$2.76.

Pulse Seismic Price Performance

The company has a debt-to-equity ratio of 1.25, a current ratio of 3.85 and a quick ratio of 7.28. The stock has a 50 day simple moving average of C$2.52 and a two-hundred day simple moving average of C$2.45. The company has a market cap of C$143.36 million, a price-to-earnings ratio of 13.18 and a beta of 0.68.

Pulse Seismic Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Tuesday, May 20th were issued a $0.0175 dividend. This is a boost from Pulse Seismic’s previous quarterly dividend of $0.02. This represents a $0.07 annualized dividend and a yield of 2.48%. The ex-dividend date was Monday, May 12th. Pulse Seismic’s dividend payout ratio is presently 28.05%.

About Pulse Seismic

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.