Petrus Resources (TSE:PRQ) Trading Down 0.7% – Here’s Why

Petrus Resources Ltd. (TSE:PRQ)’s share price traded down 0.7% during trading on Friday . The company traded as low as C$1.41 and last traded at C$1.42. 5,482 shares changed hands during trading, a decline of 89% from the average session volume of 50,408 shares. The stock had previously closed at C$1.43.

Petrus Resources Price Performance

The company has a market cap of C$176.61 million, a PE ratio of 7.10 and a beta of 3.02. The business has a 50 day moving average of C$1.43 and a 200 day moving average of C$1.38. The company has a debt-to-equity ratio of 19.56, a current ratio of 0.31 and a quick ratio of 0.48.

Petrus Resources Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 29th were given a $0.01 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.12 annualized dividend and a dividend yield of 8.45%. Petrus Resources’s dividend payout ratio is 60.00%.

Petrus Resources Company Profile

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.