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

Petrus Resources Ltd. (TSE:PRQ)’s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$1.42 and traded as low as C$1.33. Petrus Resources shares last traded at C$1.34, with a volume of 36,102 shares traded.

Petrus Resources Price Performance

The stock has a 50-day simple moving average of C$1.41 and a 200 day simple moving average of C$1.39. The stock has a market capitalization of C$164.17 million, a P/E ratio of 6.60 and a beta of 3.02. The company has a debt-to-equity ratio of 19.56, a quick ratio of 0.48 and a current ratio of 0.31.

Petrus Resources (TSE:PRQ) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$0.04 earnings per share (EPS) for the quarter. Petrus Resources had a return on equity of 8.65% and a net margin of 28.06%. On average, equities analysts forecast that Petrus Resources Ltd. will post 0.2131148 earnings per share for the current fiscal year.

Petrus Resources Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 31st were issued a dividend of $0.01 per share. This represents a $0.12 dividend on an annualized basis and a yield of 9.09%. The ex-dividend date of this dividend was Wednesday, January 15th. Petrus Resources’s dividend payout ratio is presently 60.00%.

About Petrus Resources

Petrus Resources Ltd., together with its subsidiaries, engages in the acquisition, exploration, development, and exploitation of assets in Canada. The company primarily explores for crude oil and condensate, natural gas, and natural gas liquids. Its principal property is the Ferrier Area with approximately 94,614 acres of land located in the west Central Alberta near the town of Rocky Mountain House, Alberta.