Petrus Resources (TSE:PRQ) Shares Cross Below 50 Day Moving Average – What’s Next?

Petrus Resources Ltd. (TSE:PRQ)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$1.42 and traded as low as C$1.33. Petrus Resources shares last traded at C$1.34, with a volume of 36,102 shares.

Petrus Resources Stock Performance

The stock’s 50 day moving average price is C$1.42 and its 200 day moving average price is C$1.39. The company has a current ratio of 0.31, a quick ratio of 0.48 and a debt-to-equity ratio of 19.56. The company has a market capitalization of C$166.66 million, a price-to-earnings ratio of 6.70 and a beta of 3.02.

Petrus Resources (TSE:PRQ) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$0.04 EPS for the quarter. Petrus Resources had a net margin of 28.06% and a return on equity of 8.65%. Analysts expect that Petrus Resources Ltd. will post 0.2131148 earnings per share for the current year.

Petrus Resources Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 31st were paid a dividend of $0.01 per share. The ex-dividend date was Wednesday, January 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 8.96%. Petrus Resources’s dividend payout ratio is 60.00%.

About Petrus Resources

Petrus Resources Ltd., together with its subsidiaries, engages in the acquisition, exploration, development, and exploitation of assets in Canada. The company primarily explores for crude oil and condensate, natural gas, and natural gas liquids. Its principal property is the Ferrier Area with approximately 94,614 acres of land located in the west Central Alberta near the town of Rocky Mountain House, Alberta.