Petrus Resources (TSE:PRQ) Shares Cross Below 50 Day Moving Average – What’s Next?

Petrus Resources Ltd. (TSE:PRQ) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$1.42 and traded as low as C$1.33. Petrus Resources shares last traded at C$1.34, with a volume of 36,102 shares trading hands.

Petrus Resources Stock Performance

The company has a debt-to-equity ratio of 19.56, a quick ratio of 0.48 and a current ratio of 0.31. The stock’s 50-day moving average is C$1.42 and its 200 day moving average is C$1.39. The firm has a market cap of C$166.66 million, a P/E ratio of 6.70 and a beta of 3.02.

Petrus Resources (TSE:PRQ) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$0.04 EPS for the quarter. Petrus Resources had a net margin of 28.06% and a return on equity of 8.65%. On average, research analysts predict that Petrus Resources Ltd. will post 0.2131148 earnings per share for the current year.

Petrus Resources Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 31st were issued a dividend of $0.01 per share. This represents a $0.12 dividend on an annualized basis and a yield of 8.96%. The ex-dividend date of this dividend was Wednesday, January 15th. Petrus Resources’s dividend payout ratio (DPR) 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.