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Petrus Resources (TSE:PRQ) Stock Price Passes Below 50-Day Moving Average - Time to Sell?

Petrus Resources logo with Energy background
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Petrus Resources Ltd. (TSE:PRQ - Get Free Report) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$1.39 and traded as low as C$1.34. Petrus Resources shares last traded at C$1.35, with a volume of 21,711 shares traded.

Petrus Resources Stock Down 2.2 %

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 company's 50-day moving average price is C$1.39 and its 200 day moving average price is C$1.40. The stock has a market capitalization of C$170.15 million, a P/E ratio of 3.98 and a beta of 3.02.

Petrus Resources Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 28th were given a $0.01 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.12 annualized dividend and a dividend yield of 8.89%. Petrus Resources's payout ratio is 35.41%.

About Petrus Resources

(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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