Petrus Resources (TSE:PRQ) Share Price Passes Below 50 Day Moving Average – What’s Next?

Petrus Resources Ltd. (TSE:PRQ) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$1.43 and traded as low as C$1.41. Petrus Resources shares last traded at C$1.41, with a volume of 16,684 shares changing hands.

Petrus Resources Price Performance

The company has a quick ratio of 0.48, a current ratio of 0.31 and a debt-to-equity ratio of 19.56. The business’s 50-day moving average is C$1.43 and its two-hundred day moving average is C$1.39. The company has a market capitalization of C$175.36 million, a P/E ratio of 7.05 and a beta of 3.02.

Petrus Resources Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 31st will be given a $0.01 dividend. This represents a $0.12 annualized dividend and a yield of 8.51%. The ex-dividend date is Wednesday, January 15th. Petrus Resources’s dividend payout ratio is 60.00%.

About Petrus Resources

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.