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Petrus Resources (TSE:PRQ) Stock Crosses Above 50-Day Moving Average - Should You Sell?

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.
  • Want stock alerts on Petrus Resources? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Petrus Resources Ltd. (TSE:PRQ - Get Free Report)'s share 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 changing hands.

Petrus Resources Price Performance

The firm has a market capitalization of C$182.76 million, a PE ratio of 4.28 and a beta of 3.02. The company has a debt-to-equity ratio of 19.79, a quick ratio of 0.48 and a current ratio of 0.42. The business's 50 day moving average is C$1.43 and its two-hundred day moving average is C$1.36.

Petrus Resources Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 29th will be paid a $0.01 dividend. This represents a c) dividend on an annualized basis and a yield of 8.3%. The ex-dividend date is Friday, August 15th. Petrus Resources's 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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