Petrus Resources (TSE:PRQ) Share Price Crosses Below 50 Day Moving Average of $1.34

Petrus Resources Ltd. (TSE:PRQ) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$1.34 and traded as low as C$1.33. Petrus Resources shares last traded at C$1.34, with a volume of 32,440 shares trading hands.

Petrus Resources Price Performance

The firm has a market capitalization of C$166.66 million, a P/E ratio of 6.70 and a beta of 3.04. The stock has a 50 day moving average of C$1.34 and a two-hundred day moving average of C$1.35. The company has a debt-to-equity ratio of 19.56, a quick ratio of 0.48 and a current ratio of 0.31.

Petrus Resources (TSE:PRQ) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$0.02 EPS for the quarter. The firm had revenue of C$23.15 million for the quarter. Petrus Resources had a return on equity of 8.65% and a net margin of 28.06%. Sell-side analysts predict that Petrus Resources Ltd. will post 0.2011923 earnings per share for the current fiscal year.

Petrus Resources Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 17th will be issued a dividend of $0.01 per share. This represents a $0.12 annualized dividend and a yield of 8.96%. The ex-dividend date is Tuesday, September 17th. Petrus Resources’s dividend payout ratio is 60.00%.

Insider Activity at Petrus Resources

In other Petrus Resources news, Director Kenneth Graham Gray sold 18,600 shares of Petrus Resources stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of C$1.40, for a total value of C$26,040.00. Over the last ninety days, insiders sold 30,568 shares of company stock worth $42,704. Company insiders own 75.21% of the company’s stock.

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.