Petrus Resources Ltd (PRQ) Director Buys C$100,015.00 in Stock
Petrus Resources Ltd (TSE:PRQ) Director Don Gray purchased 120,500 shares of the company’s stock in a transaction dated Friday, August 10th. The shares were acquired at an average cost of C$0.83 per share, with a total value of C$100,015.00.
PRQ stock opened at C$0.85 on Tuesday. Petrus Resources Ltd has a 52-week low of C$0.75 and a 52-week high of C$2.78.
Several research firms have recently issued reports on PRQ. Royal Bank of Canada raised their price target on shares of Petrus Resources from C$1.75 to C$2.25 and gave the company an “outperform” rating in a research note on Wednesday, May 9th. Raymond James raised their price target on shares of Petrus Resources to C$2.00 and gave the company an “outperform” rating in a research note on Tuesday, May 8th. CIBC dropped their price target on shares of Petrus Resources from C$1.75 to C$1.25 in a research note on Friday, July 20th. National Bank Financial reaffirmed an “outperform” rating and set a C$1.50 price target on shares of Petrus Resources in a research note on Friday. Finally, Cormark dropped their price target on shares of Petrus Resources from C$3.25 to C$2.50 in a research note on Friday.
Petrus Resources Ltd., an energy company, engages in the acquisition, exploration, development, and exploitation of oil and gas development assets in western Canada. The company primarily explores for natural gas, natural gas liquids, and crude oil. It primarily holds an average 55% working interest in the Ferrier/Strachan area, which comprises 46,202 net acres of land located in west central Alberta.
Recommended Story: Market Capitalization – What it Means for Investors
Receive News & Ratings for Petrus Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petrus Resources and related companies with MarketBeat.com's FREE daily email newsletter.