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Petrus Resources (TSE:PRQ) Stock Crosses Below 200-Day Moving Average - Here's What Happened

Petrus Resources logo with Energy background

Petrus Resources Ltd. (TSE:PRQ - Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$1.39 and traded as low as C$1.25. Petrus Resources shares last traded at C$1.25, with a volume of 18,800 shares.

Petrus Resources Stock Down 1.6 %

The company has a market capitalization of C$157.55 million, a PE ratio of 3.69 and a beta of 3.02. The stock's fifty day moving average is C$1.33 and its two-hundred day moving average is C$1.39. The company has a current ratio of 0.42, a quick ratio of 0.48 and a debt-to-equity ratio of 19.79.

Petrus Resources Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 30th will be paid a $0.01 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 9.60%. The ex-dividend date is Tuesday, April 15th. Petrus Resources's payout ratio is 35.41%.

Petrus Resources Company Profile

(Get Free Report)

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.

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