Petrus Resources (TSE:PRQ) Stock Price Passes Below Fifty Day Moving Average – Here’s Why

Petrus Resources Ltd. (TSE:PRQ)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$1.86 and traded as low as C$1.84. Petrus Resources shares last traded at C$1.86, with a volume of 12,239 shares changing hands.

Petrus Resources Trading Up 0.5%

The company has a debt-to-equity ratio of 19.79, a quick ratio of 0.48 and a current ratio of 0.42. The company’s 50-day moving average price is C$1.86 and its 200-day moving average price is C$1.65. The firm has a market capitalization of C$245.86 million, a PE ratio of 186.00 and a beta of 0.80.

Petrus Resources Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 30th were issued a dividend of $0.01 per share. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend was Monday, December 15th. Petrus Resources’s payout ratio is 1,200.00%.

Petrus Resources Company Profile

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.