Petrus Resources (TSE:PRQ) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Petrus Resources Ltd. (TSE:PRQ) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$1.39 and traded as high as C$1.51. Petrus Resources shares last traded at C$1.44, with a volume of 171,855 shares.

Petrus Resources Price Performance

The firm has a market capitalization of C$181.58 million, a PE ratio of 7.30 and a beta of 3.02. The company has a debt-to-equity ratio of 19.56, a current ratio of 0.31 and a quick ratio of 0.48. The business’s 50 day moving average is C$1.44 and its two-hundred day moving average is C$1.39.

Petrus Resources Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 30th were issued a dividend of $0.01 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 8.22%. The ex-dividend date of this dividend was Monday, December 16th. Petrus Resources’s dividend payout ratio is currently 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.