Insider Selling: Pulse Seismic (TSE:PSD) Director Sells C$15,000.00 in Stock

Pulse Seismic Inc. (TSE:PSD) Director Neal James Coleman sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of C$3.00, for a total transaction of C$15,000.00. Following the completion of the sale, the director owned 417,717 shares of the company’s stock, valued at approximately C$1,253,151. This trade represents a 1.18% decrease in their position.

Pulse Seismic Stock Down 0.7%

Shares of TSE:PSD opened at C$2.93 on Wednesday. The stock has a market cap of C$148.59 million, a P/E ratio of 293.00 and a beta of 0.21. The firm has a fifty day moving average price of C$3.24 and a 200 day moving average price of C$3.70. The company has a debt-to-equity ratio of 1.31, a current ratio of 7.25 and a quick ratio of 7.28. Pulse Seismic Inc. has a 1-year low of C$2.67 and a 1-year high of C$5.24.

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

Pulse Seismic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Tuesday, August 25th will be issued a dividend of $0.0187 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 2.6%. Pulse Seismic’s dividend payout ratio (DPR) is currently 712.50%.

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.