Petrus Resources (TSE:PRQ) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Shares of Petrus Resources Ltd. (TSE:PRQGet Free Report) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$1.88 and traded as low as C$1.87. Petrus Resources shares last traded at C$1.90, with a volume of 9,137 shares changing hands.

Petrus Resources Price Performance

The company has a debt-to-equity ratio of 19.79, a current ratio of 0.42 and a quick ratio of 0.48. The firm has a market capitalization of C$251.15 million, a P/E ratio of 190.00 and a beta of 1.10. The firm’s 50 day simple moving average is C$1.88 and its two-hundred day simple moving average is C$1.69.

Petrus Resources Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 30th were paid a $0.01 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend was Monday, December 15th. Petrus Resources’s payout ratio is 1,200.00%.

Petrus Resources Company Profile

(Get Free Report)

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.

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