Petrus Resources (TSE:PRQ) Shares Pass Below 50 Day Moving Average – Time to Sell?

Shares of Petrus Resources Ltd. (TSE:PRQ) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$1.87 and traded as low as C$1.75. Petrus Resources shares last traded at C$1.76, with a volume of 82,786 shares trading hands.

Petrus Resources Stock Down 1.7%

The company has a current ratio of 0.42, a quick ratio of 0.48 and a debt-to-equity ratio of 19.79. The firm’s 50 day moving average price is C$1.87 and its two-hundred day moving average price is C$1.71. The company has a market capitalization of C$232.64 million, a price-to-earnings ratio of 176.00 and a beta of 1.10.

Petrus Resources Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 30th were paid a $0.01 dividend. The ex-dividend date was Monday, December 15th. This represents a c) annualized dividend and a yield of 6.8%. Petrus Resources’s dividend payout ratio is currently 1,200.00%.

Petrus Resources Company Profile

Petrus Resources Ltd is a company that is engaged in the acquisition, development, exploration, and exploitation of energy business assets. The company receives maximum revenue from oil and natural gas. The company’s core operating areas are Ferrier, Central Alberta, and the Rocky Mountain foothills.