Tree Island Steel Ltd. (TSE:TSL) Senior Officer Nancy Adriana Davies Purchases 5,000 Shares

Tree Island Steel Ltd. (TSE:TSL - Get Free Report) Senior Officer Nancy Adriana Davies bought 5,000 shares of the company's stock in a transaction 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 Trading Up 4.3 %

Shares of TSE:TSL traded up C$0.12 during trading on Friday, hitting C$2.92. 7,300 shares of the company's stock were exchanged, compared to its average volume of 9,414. Tree Island Steel Ltd. has a 1-year low of C$2.48 and a 1-year high of C$3.70. The firm has a 50-day moving average price of C$2.81 and a two-hundred day moving average price of C$2.87. 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 firm has a market cap of C$76.36 million, a P/E ratio of 58.40 and a beta of 0.96.

Tree Island Steel Announces Dividend

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