Petrus Resources (TSE:PRQ) Share Price Passes Below 50 Day Moving Average – What’s Next?

Shares of Petrus Resources Ltd. (TSE:PRQ) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$1.43 and traded as low as C$1.41. Petrus Resources shares last traded at C$1.41, with a volume of 16,684 shares traded.

Petrus Resources Trading Down 1.4 %

The firm’s 50-day simple moving average is C$1.43 and its 200 day simple moving average is C$1.39. The company has a quick ratio of 0.48, a current ratio of 0.31 and a debt-to-equity ratio of 19.56. The firm has a market cap of C$175.36 million, a P/E ratio of 7.05 and a beta of 3.02.

Petrus Resources Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 31st will be given a $0.01 dividend. This represents a $0.12 annualized dividend and a dividend yield of 8.51%. The ex-dividend date is Wednesday, January 15th. Petrus Resources’s dividend payout ratio (DPR) is currently 60.00%.

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.