Petrus Resources (TSE:PRQ) Share Price Crosses Below 50 Day Moving Average of $1.32

Petrus Resources Ltd. (TSE:PRQ) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$1.32 and traded as low as C$1.26. Petrus Resources shares last traded at C$1.28, with a volume of 103,750 shares.

Petrus Resources Stock Performance

The company’s fifty day simple moving average is C$1.32 and its 200 day simple moving average is C$1.32. The stock has a market capitalization of C$158.55 million, a P/E ratio of 4.74 and a beta of 3.21. The company has a current ratio of 0.50, a quick ratio of 0.48 and a debt-to-equity ratio of 15.78.

Petrus Resources Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 30th will be given a dividend of $0.01 per share. This represents a $0.12 annualized dividend and a yield of 9.38%. The ex-dividend date is Friday, April 12th. Petrus Resources’s payout ratio is 44.44%.

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.