Petrus Resources (TSE:PRQ) Shares Down 0.7% - What's Next?

Petrus Resources Ltd. (TSE:PRQ - Get Free Report) traded down 0.7% during mid-day trading on Friday . The company traded as low as C$1.41 and last traded at C$1.42. 5,482 shares traded hands during trading, a decline of 89% from the average session volume of 50,408 shares. The stock had previously closed at C$1.43.

Petrus Resources Price Performance

The company has a 50-day moving average of C$1.43 and a 200-day moving average of C$1.38. The company has a debt-to-equity ratio of 19.56, a quick ratio of 0.48 and a current ratio of 0.31. The stock has a market cap of C$176.61 million, a price-to-earnings ratio of 7.10 and a beta of 3.02.

Petrus Resources Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 29th were issued a $0.01 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 8.45%. The ex-dividend date of this dividend was Friday, November 15th. Petrus Resources's payout ratio is currently 60.00%.

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.