RBC Capital Markets Lowers Petrus Resources Ltd (PRQ) Price Target to C$2.50
Petrus Resources Ltd (TSE:PRQ) had its price objective cut by RBC Capital Markets from C$2.75 to C$2.50 in a report issued on Thursday. RBC Capital Markets’ price target suggests a potential upside of 23.76% from the stock’s current price.
Separately, Royal Bank Of Canada began coverage on shares of Petrus Resources in a report on Friday, July 8th. They issued a “sector perform” rating and a C$2.25 target price for the company. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of C$3.06.
Shares of Petrus Resources (TSE:PRQ) traded down 3.81% during midday trading on Thursday, hitting $2.02. 66,200 shares of the company’s stock were exchanged. Petrus Resources has a 1-year low of $1.73 and a 1-year high of $4.50. The stock’s market cap is $91.60 million. The stock’s 50 day moving average is $2.00 and its 200-day moving average is $2.07.
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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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