Pulse Seismic (TSE:PSD) Releases Quarterly Earnings Results

Pulse Seismic (TSE:PSD) released its quarterly earnings data on Thursday. The company reported C$0.22 earnings per share for the quarter, FiscalAI reports. Pulse Seismic had a return on equity of 2.74% and a net margin of 2.42%. The firm had revenue of C$17.31 million during the quarter.

Pulse Seismic Stock Performance

PSD opened at C$3.30 on Thursday. Pulse Seismic has a 12-month low of C$2.67 and a 12-month high of C$5.24. The company has a debt-to-equity ratio of 1.31, a current ratio of 7.25 and a quick ratio of 7.28. The stock has a market capitalization of C$167.36 million, a PE ratio of 330.00 and a beta of 0.16. The firm’s fifty day moving average price is C$3.01 and its 200 day moving average price is C$3.32.

Pulse Seismic Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 25th were issued a $0.0187 dividend. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $0.07 dividend on an annualized basis and a yield of 2.3%. Pulse Seismic’s dividend payout ratio is currently 712.50%.

Insiders Place Their Bets

In other news, Director Neal James Coleman sold 417,700 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of C$2.85, for a total transaction of C$1,190,445.00. Following the completion of the transaction, the director directly owned 17 shares of the company’s stock, valued at approximately C$48.45. This represents a 100.00% decrease in their ownership of the stock. 22.95% of the stock is currently owned by insiders.

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.