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

Trican Well Service Ltd. (OTCMKTS:TOLWF)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $3.48 and traded as high as $3.70. Trican Well Service shares last traded at $3.59, with a volume of 12,095 shares traded.

Trican Well Service Price Performance

The company has a 50-day simple moving average of $3.48 and a two-hundred day simple moving average of $3.50.

Trican Well Service Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a $0.0323 dividend. This represents a dividend yield of 3.81%. The ex-dividend date of this dividend was Friday, December 13th. Trican Well Service’s dividend payout ratio (DPR) is currently -145.40%.

Trican Well Service Company Profile

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.