Petrus Resources (PRQ) Stock Price Down 15.4%

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Shares of Petrus Resources Ltd (TSE:PRQ) dropped 15.4% during trading on Thursday . The stock traded as low as C$0.33 and last traded at C$0.33. Approximately 118,800 shares changed hands during mid-day trading, an increase of 178% from the average daily volume of 42,664 shares. The stock had previously closed at C$0.39.

Several analysts have recently issued reports on the stock. Raymond James lowered their price objective on shares of Petrus Resources from C$1.25 to C$1.00 and set an “outperform” rating for the company in a research note on Friday, March 15th. National Bank Financial lowered their price objective on shares of Petrus Resources from C$1.00 to C$0.85 and set an “outperform” rating for the company in a research note on Friday, March 15th. Finally, CIBC lowered their price objective on shares of Petrus Resources from C$1.00 to C$0.85 in a research note on Friday, March 15th.

The company has a market cap of $22.76 million and a PE ratio of -1.86. The company has a debt-to-equity ratio of 97.57, a quick ratio of 0.63 and a current ratio of 0.63.

Petrus Resources (TSE:PRQ) last announced its quarterly earnings data on Thursday, March 14th. The company reported C$0.43 earnings per share (EPS) for the quarter. The company had revenue of C$16.06 million for the quarter. On average, analysts anticipate that Petrus Resources Ltd will post -0.109999991630435 EPS for the current year.

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Petrus Resources Company Profile (TSE:PRQ)

Petrus Resources Ltd., an energy company, engages in the acquisition, exploration, development, and exploitation of oil and gas development assets in western Canada. It primarily explores for natural gas, natural gas liquids, and crude oil. The company holds 55% working interest in Ferrier/Strachan Area, which include 31,767 net acres of undeveloped land and 13,216 net acres of developed land located in west central Alberta near the town of Rocky Mountain House, Alberta.

Further Reading: What are Institutional Investors?

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