Petrus Resources (TSE:PRQ) Shares Down 3.6% – Here’s Why

Petrus Resources Ltd. (TSE:PRQ) dropped 3.6% during trading on Monday . The company traded as low as C$2.08 and last traded at C$2.14. Approximately 173,472 shares changed hands during trading, an increase of 79% from the average daily volume of 96,953 shares. The stock had previously closed at C$2.22.

Petrus Resources Stock Performance

The stock’s fifty day moving average is C$1.85 and its two-hundred day moving average is C$1.79. The firm has a market capitalization of C$306.53 million, a price-to-earnings ratio of 26.13 and a beta of 0.63. The company has a debt-to-equity ratio of 20.51, a quick ratio of 0.48 and a current ratio of 0.41.

Petrus Resources Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.01 per share. The ex-dividend date is Tuesday, March 17th. This represents a c) annualized dividend and a dividend yield of 5.7%. Petrus Resources’s dividend payout ratio (DPR) is currently 150.00%.

About Petrus Resources

Petrus Resources Ltd is a company that is engaged in the acquisition, development, exploration, and exploitation of energy business assets. The company receives maximum revenue from oil and natural gas. The company’s core operating areas are Ferrier, Central Alberta, and the Rocky Mountain foothills.