Petrus Resources (TSE:PRQ) Share Price Passes Below 50-Day Moving Average – What’s Next?

Petrus Resources Ltd. (TSE:PRQ)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$1.87 and traded as low as C$1.75. Petrus Resources shares last traded at C$1.76, with a volume of 82,786 shares changing hands.

Petrus Resources Trading Up 4.0%

The company’s 50 day simple moving average is C$1.87 and its two-hundred day simple moving average is C$1.71. The company has a quick ratio of 0.48, a current ratio of 0.42 and a debt-to-equity ratio of 19.79. The company has a market capitalization of C$241.89 million, a price-to-earnings ratio of 183.00 and a beta of 1.10.

Petrus Resources Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 27th will be paid a $0.01 dividend. The ex-dividend date is Tuesday, February 17th. This represents a c) dividend on an annualized basis and a yield of 6.6%. Petrus Resources’s dividend payout ratio (DPR) is 1,200.00%.

About Petrus Resources

Petrus Resources Ltd is a company that is engaged in the acquisition, development, exploration, and exploitation of energy business assets. The company receives maximum revenue from oil and natural gas. The company’s core operating areas are Ferrier, Central Alberta, and the Rocky Mountain foothills.