Petrus Resources (TSE:PRQ) Stock Breaks Above 50-Day Moving Average – Here’s Why

Petrus Resources Ltd. (TSE:PRQ)’s share price passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of C$1.74 and traded as high as C$1.76. Petrus Resources shares last traded at C$1.75, with a volume of 73,997 shares.

Petrus Resources Stock Up 2.3%

The firm has a fifty day moving average price of C$1.74 and a 200 day moving average price of C$1.80. The company has a quick ratio of 0.48, a current ratio of 0.36 and a debt-to-equity ratio of 22.68. The company has a market cap of C$262.00 million, a P/E ratio of -29.17 and a beta of -0.16.

Petrus Resources (TSE:PRQ) last announced its earnings results on Thursday, November 5th. The company reported C($0.06) earnings per share for the quarter. Petrus Resources had a negative net margin of 6.88% and a negative return on equity of 2.64%. The business had revenue of C$32.52 million during the quarter. Equities research analysts forecast that Petrus Resources Ltd. will post 0.21 earnings per share for the current year.

Petrus Resources Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 27th will be given a $0.01 dividend. This represents a $0.12 annualized dividend and a yield of 6.9%. The ex-dividend date is Monday, November 16th. Petrus Resources’s dividend payout ratio (DPR) is presently -200.00%.

Petrus Resources Company Profile

Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and risk-managed exploration in Alberta.