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Petrus Resources (TSE:PRQ) Shares Cross Above 50 Day Moving Average - Here's What Happened

Petrus Resources logo with Energy background

Key Points

  • Petrus Resources' share price recently crossed above its 50-day moving average of C$1.43, reaching a high of C$1.50, suggesting potential upward momentum in trading.
  • The company announced a monthly dividend of $0.01 per share, representing an annualized yield of 8.2%, with the ex-dividend date set for August 15th.
  • Petrus Resources has a market capitalization of C$184.02 million and a notably high debt-to-equity ratio of 19.79, indicating potential financial risk.
  • MarketBeat previews the top five stocks to own by October 1st.

Petrus Resources Ltd. (TSE:PRQ - Get Free Report)'s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$1.43 and traded as high as C$1.50. Petrus Resources shares last traded at C$1.46, with a volume of 24,729 shares trading hands.

Petrus Resources Price Performance

The company has a quick ratio of 0.48, a current ratio of 0.42 and a debt-to-equity ratio of 19.79. The stock has a market cap of C$186.54 million, a PE ratio of 4.37 and a beta of 3.02. The firm has a fifty day moving average of C$1.43 and a 200 day moving average of C$1.36.

Petrus Resources Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 29th will be paid a $0.01 dividend. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date is Friday, August 15th. Petrus Resources's dividend payout ratio is currently 35.41%.

Petrus Resources Company Profile

(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.

See Also

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