Petrus Resources Ltd (TSE:PRQ) had its price target cut by Royal Bank Of Canada from C$2.75 to C$2.50 in a research note released on Thursday morning.

Separately, RBC Capital Markets dropped their price objective on Petrus Resources from C$2.75 to C$2.50 in a research note on Thursday. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of C$3.06.

Shares of Petrus Resources (TSE:PRQ) traded up 1.49% during mid-day trading on Thursday, hitting $2.05. The company’s stock had a trading volume of 2,800 shares. The stock’s market cap is $92.97 million. Petrus Resources has a 1-year low of $1.73 and a 1-year high of $4.50. The company has a 50-day moving average price of $1.99 and a 200-day moving average price of $2.07.

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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