Trican Well Service (OTCMKTS:TOLWF) Shares Pass Below 50 Day Moving Average – Time to Sell?

Trican Well Service Ltd. (OTCMKTS:TOLWF) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $3.31 and traded as low as $3.10. Trican Well Service shares last traded at $3.12, with a volume of 33,229 shares.

Trican Well Service Stock Up 0.7 %

The company’s 50 day moving average price is $3.29 and its 200-day moving average price is $3.39.

Trican Well Service Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.0352 dividend. This is a positive change from Trican Well Service’s previous dividend of $0.03. The ex-dividend date is Friday, March 14th. This represents a dividend yield of 4.61%. Trican Well Service’s dividend payout ratio is presently -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.