Nancy Adriana Davies Buys 5,000 Shares of Tree Island Steel Ltd. (TSE:TSL) Stock

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

Tree Island Steel Price Performance

Shares of TSE TSL opened at C$2.92 on Friday. The firm has a market cap of C$76.36 million, a PE ratio of 58.40 and a beta of 0.96. The firm has a fifty day moving average of C$2.81 and a 200 day moving average of C$2.87. The company has a debt-to-equity ratio of 21.10, a quick ratio of 1.75 and a current ratio of 5.39. Tree Island Steel Ltd. has a one year low of C$2.48 and a one year high of C$3.70.

Tree Island Steel Announces Dividend

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

Tree Island Steel Company Profile

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.