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Petrus Resources (TSE:PRQ) Stock Crosses Above Fifty Day Moving Average - Here's Why

Petrus Resources logo with Energy background

Petrus Resources Ltd. (TSE:PRQ - Get Free Report) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$1.38 and traded as high as C$1.48. Petrus Resources shares last traded at C$1.45, with a volume of 25,792 shares.

Petrus Resources Stock Performance

The company has a current ratio of 0.31, a quick ratio of 0.48 and a debt-to-equity ratio of 19.56. The firm has a market cap of C$179.09 million, a PE ratio of 7.20 and a beta of 3.02. The firm has a fifty day moving average price of C$1.38 and a 200 day moving average price of C$1.36.

Petrus Resources (TSE:PRQ - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C$0.02 earnings per share (EPS) for the quarter. Petrus Resources had a net margin of 28.06% and a return on equity of 8.65%. The firm had revenue of C$23.15 million for the quarter. As a group, equities research analysts expect that Petrus Resources Ltd. will post 0.2131148 earnings per share for the current fiscal year.

Petrus Resources Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were issued a dividend of $0.01 per share. The ex-dividend date was Tuesday, October 15th. This represents a $0.12 dividend on an annualized basis and a yield of 8.33%. Petrus Resources's dividend payout ratio (DPR) is presently 60.00%.

About Petrus Resources

(Get Free Report)

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.

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