Tree Island Steel Ltd. (TSE:TSL)’s share price rose 2.9% during trading on Thursday . The stock traded as high as C$3.25 and last traded at C$3.19. Approximately 4,900 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 22,049 shares. The stock had previously closed at C$3.10.

The company’s 50-day moving average is $3.19 and its 200-day moving average is $3.97. The firm has a market capitalization of $95.30 million and a PE ratio of 21.53.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be given a $0.02 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.08 annualized dividend and a dividend yield of 2.58%.

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Tree Island Steel Company Profile

Tree Island Steel Ltd. manufactures and sells steel wire and wire products for industrial, construction, agricultural, and specialty applications in Canada, the United States, and internationally. It offers residential products, including bulk nails, collated nails, packaged nails and fasteners, bulk screws, and packaged nails and fasteners, as well as nail head identification systems; and woven wires, welded wires, and corners and accessories.

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