Petrus Resources (TSE:PRQ) Stock Crosses Below Fifty Day Moving Average of $1.32

Petrus Resources Ltd. (TSE:PRQ)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$1.32 and traded as low as C$1.26. Petrus Resources shares last traded at C$1.28, with a volume of 103,750 shares traded.

Petrus Resources Stock Performance

The company has a market cap of C$157.31 million, a price-to-earnings ratio of 4.78 and a beta of 3.21. The stock has a 50 day moving average price of C$1.33 and a two-hundred day moving average price of C$1.32. The company has a current ratio of 0.50, a quick ratio of 0.48 and a debt-to-equity ratio of 15.78.

Petrus Resources Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 30th will be given a dividend of $0.01 per share. The ex-dividend date is Friday, April 12th. This represents a $0.12 annualized dividend and a yield of 9.45%. Petrus Resources’s dividend payout ratio (DPR) is presently 44.44%.

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.