Petrus Resources (TSE:PRQ) Stock Crosses Below 50-Day Moving Average of $1.32

Petrus Resources Ltd. (TSE:PRQ)’s stock price passed 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 changing hands.

Petrus Resources Price Performance

The firm has a 50-day moving average of C$1.32 and a 200 day moving average of C$1.32. The company has a debt-to-equity ratio of 15.78, a current ratio of 0.50 and a quick ratio of 0.48. The company has a market capitalization of C$158.55 million, a PE ratio of 4.74 and a beta of 3.21.

Petrus Resources Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.12 annualized dividend and a dividend yield of 9.38%. Petrus Resources’s payout ratio is 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.