Petrus Resources (TSE:PRQ) Share Price Passes Below 50-Day Moving Average – Here’s Why

Petrus Resources Ltd. (TSE:PRQ) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$1.37 and traded as low as C$1.34. Petrus Resources shares last traded at C$1.35, with a volume of 13,442 shares trading 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 stock has a market capitalization of C$170.15 million, a price-to-earnings ratio of 3.98 and a beta of 3.02. The stock’s 50 day simple moving average is C$1.36 and its 200-day simple moving average is C$1.40.

Petrus Resources Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 31st will be paid a $0.01 dividend. This represents a $0.12 annualized dividend and a dividend yield of 8.89%. The ex-dividend date of this dividend is Monday, March 17th. Petrus Resources’s payout ratio is presently 35.41%.

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.