Petrus Resources (TSE:PRQ) Stock Passes Below Fifty Day Moving Average – Time to Sell?

Petrus Resources Ltd. (TSE:PRQGet Free Report) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$1.84 and traded as low as C$1.73. Petrus Resources shares last traded at C$1.77, with a volume of 54,250 shares changing hands.

Petrus Resources Stock Performance

The company has a quick ratio of 0.48, a current ratio of 0.42 and a debt-to-equity ratio of 19.79. The stock has a market cap of C$233.96 million, a P/E ratio of 177.00 and a beta of 1.10. The firm’s 50-day moving average is C$1.84 and its two-hundred day moving average is C$1.73.

Petrus Resources Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 27th were issued a dividend of $0.01 per share. The ex-dividend date was Tuesday, February 17th. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. Petrus Resources’s dividend payout ratio (DPR) is currently 1,200.00%.

Petrus Resources Company Profile

(Get Free Report)

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.

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