Petrus Resources (TSE:PRQ) Shares Cross Below 50-Day Moving Average - Should You Sell?

Shares of Petrus Resources Ltd. (TSE:PRQ - Get Free Report) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$1.39 and traded as low as C$1.32. Petrus Resources shares last traded at C$1.35, with a volume of 106,103 shares.

Petrus Resources Stock Up 5.2 %

The company's fifty day simple moving average is C$1.39 and its 200 day simple moving average is C$1.40. The company has a quick ratio of 0.48, a current ratio of 0.42 and a debt-to-equity ratio of 19.79. The firm has a market capitalization of C$177.72 million, a PE ratio of 4.16 and a beta of 3.02.

Petrus Resources Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 28th were issued a $0.01 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.12 dividend on an annualized basis and a yield of 8.51%. Petrus Resources's dividend payout ratio (DPR) is 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.