Petrus Resources (TSE:PRQ) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

Petrus Resources Ltd. (TSE:PRQ) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty 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 trading hands.

Petrus Resources Stock Performance

The firm has a market capitalization of C$179.09 million, a PE ratio of 7.20 and a beta of 3.02. The firm’s 50-day moving average price is C$1.38 and its two-hundred day moving average price is C$1.36. The company has a quick ratio of 0.48, a current ratio of 0.31 and a debt-to-equity ratio of 19.56.

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

Petrus Resources Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were issued a dividend of $0.01 per share. This represents a $0.12 dividend on an annualized basis and a yield of 8.33%. The ex-dividend date of this dividend was Tuesday, October 15th. Petrus Resources’s dividend payout ratio is currently 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.