Petrus Resources (TSE:PRQ) Insider Glen William Gray Buys 10,400 Shares

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 business's stock in a transaction dated Tuesday, August 12th. The shares were purchased at an average cost of C$1.45 per share, with a total value of C$15,080.00. Following the purchase, the insider directly owned 2,425,042 shares in the company, valued at approximately C$3,516,310.90. The trade was a 0.43% increase in their ownership of the stock.

Petrus Resources Price Performance

Shares of TSE:PRQ traded down C$0.02 during midday trading on Friday, hitting C$1.45. 49,473 shares of the stock were exchanged, compared to its average volume of 37,685. The stock has a market cap of C$188.91 million, a P/E ratio of 20.71 and a beta of 0.97. 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 Ltd. has a twelve month low of C$1.17 and a twelve month high of C$1.55. The company has a 50 day moving average price of C$1.46 and a 200-day moving average price of C$1.37.

Petrus Resources Dividend Announcement

The business also recently disclosed a sep 25 dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 29th will be given 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 dividend payout ratio (DPR) is currently 171.43%.

About Petrus Resources

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.