Pulse Seismic (TSE:PSD) Releases Earnings Results

Pulse Seismic (TSE:PSD) released its quarterly earnings results on Thursday. The company reported C$0.22 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$17.31 million during the quarter. Pulse Seismic had a net margin of 45.05% and a return on equity of 89.89%.

Pulse Seismic Price Performance

TSE:PSD opened at C$3.16 on Friday. Pulse Seismic has a 12 month low of C$2.67 and a 12 month high of C$5.24. The stock has a 50 day moving average of C$3.01 and a two-hundred day moving average of C$3.32. The company has a current ratio of 4.82, a quick ratio of 7.28 and a debt-to-equity ratio of 0.45. The firm has a market cap of C$160.26 million, a P/E ratio of 316.00 and a beta of 0.16.

Pulse Seismic Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 25th were paid a dividend of $0.0187 per share. This represents a $0.07 annualized dividend and a yield of 2.4%. The ex-dividend date was Tuesday, August 11th. Pulse Seismic’s payout ratio is 712.50%.

Insider Activity at Pulse Seismic

In other news, Director Neal James Coleman sold 417,700 shares of the firm’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 value of C$1,190,445.00. Following the transaction, the director owned 17 shares in the company, valued at C$48.45. This trade represents a 100.00% decrease in their ownership of the stock. 22.95% of the stock is 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.