Petrus Resources (TSE:PRQ) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Petrus Resources Ltd. (TSE:PRQ)’s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$1.37 and traded as low as C$1.34. Petrus Resources shares last traded at C$1.35, with a volume of 13,442 shares traded.

Petrus Resources Stock Down 0.7 %

The company has a debt-to-equity ratio of 19.79, a quick ratio of 0.48 and a current ratio of 0.42. The business has a 50-day simple moving average of C$1.37 and a two-hundred day simple moving average of C$1.40. The company has a market capitalization of C$170.15 million, a price-to-earnings ratio of 3.98 and a beta of 3.02.

Petrus Resources Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be paid a $0.01 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.12 annualized dividend and a yield of 8.89%. Petrus Resources’s dividend payout ratio is currently 35.41%.

Petrus Resources Company Profile

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.