Petrus Resources (TSE:PRQ) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Shares of Petrus Resources Ltd. (TSE:PRQ) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$1.38 and traded as high as C$1.48. Petrus Resources shares last traded at C$1.45, with a volume of 25,792 shares changing hands.

Petrus Resources Trading Down 0.7 %

The company has a debt-to-equity ratio of 19.56, a quick ratio of 0.48 and a current ratio of 0.31. The firm has a market capitalization of C$179.09 million, a P/E ratio of 7.20 and a beta of 3.02. The firm has a 50 day simple moving average of C$1.38 and a two-hundred day simple moving average of C$1.36.

Petrus Resources (TSE:PRQ) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$0.02 earnings per share for the quarter. The company had revenue of C$23.15 million for the quarter. Petrus Resources had a net margin of 28.06% and a return on equity of 8.65%. Equities research analysts forecast that Petrus Resources Ltd. will post 0.2131148 earnings per share for the current year.

Petrus Resources Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were given a $0.01 dividend. This represents a $0.12 annualized dividend and a dividend yield of 8.33%. The ex-dividend date was Tuesday, October 15th. Petrus Resources’s dividend payout ratio (DPR) is 60.00%.

Petrus Resources Company Profile

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.