Petrus Resources (TSE:PRQ) Shares Down 3.6% – Here’s Why

Petrus Resources Ltd. (TSE:PRQ)’s share price fell 3.6% during trading on Monday . The stock traded as low as C$2.08 and last traded at C$2.14. 173,472 shares were traded during trading, an increase of 79% from the average session volume of 96,953 shares. The stock had previously closed at C$2.22.

Petrus Resources Price Performance

The company has a debt-to-equity ratio of 20.51, a current ratio of 0.41 and a quick ratio of 0.48. The business’s 50-day moving average price is C$1.85 and its two-hundred day moving average price is C$1.79. The firm has a market cap of C$306.53 million, a price-to-earnings ratio of 26.13 and a beta of 0.63.

Petrus Resources Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.01 per share. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Tuesday, March 17th. Petrus Resources’s dividend payout ratio (DPR) is currently 150.00%.

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.