Petrus Resources Ltd. (OTCMKTS:PTRUF) Sees Large Increase in Short Interest

Petrus Resources Ltd. (OTCMKTS:PTRUF) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 29,500 shares, an increase of 340.3% from the December 15th total of 6,700 shares. Based on an average daily trading volume, of 30,500 shares, the short-interest ratio is currently 1.0 days.

Petrus Resources Price Performance

Shares of PTRUF traded down $0.00 during mid-day trading on Monday, hitting $1.00. The company had a trading volume of 114,125 shares, compared to its average volume of 22,275. Petrus Resources has a 1-year low of $0.89 and a 1-year high of $1.11. The business’s 50-day simple moving average is $1.01 and its 200-day simple moving average is $1.01.

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.