Petrus Resources Ltd (TSE:PRQ) had its price objective cut by Royal Bank Of Canada from C$2.75 to C$2.50 in a report issued on Thursday, reports. Royal Bank Of Canada’s price objective points to a potential upside of 23.76% from the stock’s previous close.

Separately, RBC Capital Markets dropped their price objective on shares of Petrus Resources from C$2.75 to C$2.50 in a report on Thursday. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of C$3.06.

Shares of Petrus Resources (TSE:PRQ) traded down 3.81% during mid-day trading on Thursday, hitting $2.02. 66,200 shares of the stock were exchanged. The stock’s market capitalization is $91.60 million. The stock’s 50 day moving average price is $2.00 and its 200-day moving average price is $2.07. Petrus Resources has a 12-month low of $1.73 and a 12-month high of $4.50.

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Petrus Resources Company Profile

Petrus Resources Ltd., formerly PhosCan Chemical Corp., is a Canada-based oil and gas company focused on property exploitation and strategic acquisitions in Alberta. The Company, through Fox River Resources Corp., is engaged in the exploration and evaluation of the Martison Phosphate Project. The Company focuses on production in approximately four areas within the province of Alberta, which includes Ferrier, Central Alberta, the central Rocky Mountain foothills region and the Peace River area.

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