Petrus Resources (TSE:PRQ) Shares Cross Below 50 Day Moving Average of $1.32

Petrus Resources Ltd. (TSE:PRQ) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$1.32 and traded as low as C$1.26. Petrus Resources shares last traded at C$1.28, with a volume of 103,750 shares changing hands.

Petrus Resources Price Performance

The company has a quick ratio of 0.48, a current ratio of 0.50 and a debt-to-equity ratio of 15.78. The firm’s fifty day moving average price is C$1.33 and its 200 day moving average price is C$1.32. The stock has a market cap of C$157.31 million, a PE ratio of 4.78 and a beta of 3.21.

Petrus Resources Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.01 per share. This represents a $0.12 dividend on an annualized basis and a yield of 9.45%. The ex-dividend date is Friday, April 12th. Petrus Resources’s payout ratio is presently 44.44%.

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.