Petrus Resources (TSE:PRQ) Releases Earnings Results

Petrus Resources (TSE:PRQ) issued its earnings results on Thursday. The company reported C($0.06) earnings per share for the quarter, FiscalAI reports. The company had revenue of C$32.52 million for the quarter. Petrus Resources had a negative return on equity of 0.66% and a negative net margin of 1.99%.

Petrus Resources Price Performance

Shares of PRQ traded down C$0.01 during midday trading on Thursday, hitting C$1.67. 17,814 shares of the company traded hands, compared to its average volume of 79,708. The firm has a 50 day moving average of C$1.75 and a 200-day moving average of C$1.80. Petrus Resources has a 52 week low of C$1.60 and a 52 week high of C$2.30. The stock has a market cap of C$250.02 million, a price-to-earnings ratio of -83.50 and a beta of -0.16. The company has a debt-to-equity ratio of 20.95, a quick ratio of 0.48 and a current ratio of 0.45.

Petrus Resources Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Friday, October 30th were paid a $0.01 dividend. The ex-dividend date was Thursday, October 15th. This represents a $0.12 annualized dividend and a yield of 7.2%. Petrus Resources’s payout ratio is presently -600.00%.

Insider Buying and Selling at Petrus Resources

In other news, Director Donald Gordon Cormack bought 29,382 shares of Petrus Resources stock in a transaction dated Friday, August 14th. The shares were purchased at an average cost of C$1.82 per share, with a total value of C$53,475.24. Following the completion of the acquisition, the director owned 30,002 shares of the company’s stock, valued at C$54,603.64. This trade represents a 4,739.03% increase in their position. 75.21% of the stock is currently owned by insiders.

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.