Insider Buying: Petrus Resources (TSE:PRQ) Insider Purchases 10,400 Shares of Stock

Key Points

• Insider Transaction: Glen William Gray, an insider at Petrus Resources Ltd., purchased 10,400 shares at C$1.45 each, totaling C$15,080, increasing his ownership stake to 2,425,042 shares.
• Dividend Announcement: Petrus Resources declared a dividend of $0.01 per share, set to be paid on September 29, with an impressive yield of 811.0% and a payout ratio of 171.43%.
• Stock Performance: The company's stock is currently trading at C$1.46, down 1.4%, with a 1-year price range between C$1.17 and C$1.55.

Petrus Resources Ltd. (TSE:PRQ - Get Free Report) insider Glen William Gray purchased 10,400 shares of the company's stock in a transaction dated Tuesday, August 12th. The stock was bought at an average price of C$1.45 per share, with a total value of C$15,080.00. Following the completion of the transaction, the insider directly owned 2,425,042 shares of the company's stock, valued at approximately C$3,516,310.90. This represents a 0.43% increase in their ownership of the stock.

Petrus Resources Trading Down 1.4%

PRQ traded down C$0.02 on Tuesday, hitting C$1.46. The company had a trading volume of 27,131 shares, compared to its average volume of 37,734. Petrus Resources Ltd. has a 1 year low of C$1.17 and a 1 year high of C$1.55. The company has a current ratio of 0.42, a quick ratio of 0.48 and a debt-to-equity ratio of 19.79. The company's fifty day moving average price is C$1.45 and its 200 day moving average price is C$1.37. The firm has a market cap of C$190.21 million, a P/E ratio of 20.86 and a beta of 0.97.

Petrus Resources Dividend Announcement

The company also recently declared a sep 25 dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 29th will be issued a dividend of $0.01 per share. This represents a yield of 811.0%. The ex-dividend date is Monday, September 15th. Petrus Resources's payout ratio is 171.43%.

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.

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