Petrus Resources (PRQ) Shares Down 15.4%

Shares of Petrus Resources Ltd (TSE:PRQ) fell 15.4% on Thursday . The stock traded as low as C$0.33 and last traded at C$0.33. 118,800 shares traded hands during mid-day trading, an increase of 178% from the average session volume of 42,664 shares. The stock had previously closed at C$0.39.

Several research firms have weighed in on PRQ. Raymond James reaffirmed an “outperform” rating and issued a C$1.00 price target on shares of Petrus Resources in a report on Tuesday, May 7th. National Bank Financial lowered their price target on Petrus Resources from C$0.85 to C$0.80 and set an “outperform” rating on the stock in a report on Monday, April 8th. Finally, CIBC lowered their price target on Petrus Resources from C$1.00 to C$0.85 in a report on Friday, March 15th.

The firm has a market cap of $16.33 million and a price-to-earnings ratio of -1.62. The company has a debt-to-equity ratio of 97.57, a current ratio of 0.63 and a quick ratio of 0.63.

Petrus Resources (TSE:PRQ) last released its quarterly earnings results on Thursday, March 14th. The company reported C$0.43 earnings per share for the quarter. The business had revenue of C$16.06 million during the quarter. As a group, analysts predict that Petrus Resources Ltd will post -0.109999991630435 earnings per share for the current year.

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Petrus Resources Company Profile (TSE:PRQ)

Petrus Resources Ltd., an energy company, engages in the acquisition, exploration, development, and exploitation of oil and gas development assets in western Canada. It primarily explores for natural gas, natural gas liquids, and crude oil. The company holds 55% working interest in Ferrier/Strachan Area, which include 31,767 net acres of undeveloped land and 13,216 net acres of developed land located in west central Alberta near the town of Rocky Mountain House, Alberta.

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