Petrus Resources (TSE:PRQ) Stock Crosses Above 50-Day Moving Average – What’s Next?

Petrus Resources Ltd. (TSE:PRQ) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$1.38 and traded as high as C$1.48. Petrus Resources shares last traded at C$1.45, with a volume of 25,792 shares traded.

Petrus Resources Trading Down 2.0 %

The firm has a market cap of C$180.34 million, a P/E ratio of 7.25 and a beta of 3.02. The company’s 50 day simple moving average is C$1.38 and its 200-day simple moving average is C$1.36. The company has a quick ratio of 0.48, a current ratio of 0.31 and a debt-to-equity ratio of 19.56.

Petrus Resources (TSE:PRQ) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C$0.02 earnings per share (EPS) for the quarter. The company had revenue of C$23.15 million during the quarter. Petrus Resources had a return on equity of 8.65% and a net margin of 28.06%. As a group, research analysts predict that Petrus Resources Ltd. will post 0.2131148 earnings per share for the current fiscal year.

Petrus Resources Announces Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were issued a $0.01 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 8.28%. The ex-dividend date was Tuesday, October 15th. Petrus Resources’s payout ratio is presently 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.