Trican Well Service (OTCMKTS:TOLWF) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Trican Well Service Ltd. (OTCMKTS:TOLWF)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $3.22 and traded as high as $3.29. Trican Well Service shares last traded at $3.25, with a volume of 55,809 shares.

Trican Well Service Stock Down 11.7 %

The stock’s fifty day simple moving average is $3.21 and its 200-day simple moving average is $3.37.

Trican Well Service Increases Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.0352 dividend. This is a boost from Trican Well Service’s previous dividend of $0.03. This represents a dividend yield of 4.61%. The ex-dividend date was Friday, March 14th. Trican Well Service’s payout ratio is -145.40%.

About Trican Well Service

Trican Well Service Ltd., an equipment services company, provides various specialized products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily in Canada. The company offers cementing solutions, including pre-flushes and spacers, cement plugs, lost circulation, cement design, and laboratory solutions, as well as surface, intermediate, production, liner, horizontal, and remedial/squeeze cementing services.