Tree Island Steel Ltd. (TSE:TSL) Senior Officer Purchases C$14,580.00 in Stock

Tree Island Steel Ltd. (TSE:TSL) Senior Officer Nancy Adriana Davies bought 5,000 shares of the stock in a transaction on Friday, November 22nd. The stock was purchased at an average cost of C$2.92 per share, with a total value of C$14,580.00.

Tree Island Steel Stock Performance

Shares of TSL stock opened at C$2.92 on Monday. The firm has a market capitalization of C$76.36 million, a price-to-earnings ratio of 58.40 and a beta of 0.96. The company has a current ratio of 5.39, a quick ratio of 1.75 and a debt-to-equity ratio of 21.10. The business’s 50-day moving average price is C$2.81 and its 200-day moving average price is C$2.87. Tree Island Steel Ltd. has a 12 month low of C$2.48 and a 12 month high of C$3.70.

Tree Island Steel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date of this dividend was Friday, September 27th. Tree Island Steel’s payout ratio is 240.00%.

About Tree Island Steel

Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products in Canada, the United States, and internationally. It offers low-carbon and high-carbon galvanized steel wires; clean and bright wire for industrial and original equipment manufacturer customers; agricultural products, including fencing, barbed wire, galvanized wire, and bright wire, as well as other fabricated wire products specifically for farming, ranching, and vineyards; welded wire concrete reinforcing mesh and other fabricated wire products for heavy construction industry and infrastructure projects; and nails and stucco reinforcing products for residential and light commercial construction.