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Petrus Resources (TSE:PRQ) Share Price Passes Below Fifty Day Moving Average - Time to Sell?

Petrus Resources logo with Energy background

Petrus Resources Ltd. (TSE:PRQ - Get Free Report)'s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$1.31 and traded as low as C$1.24. Petrus Resources shares last traded at C$1.26, with a volume of 6,802 shares traded.

Petrus Resources Trading Up 0.8 %

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 capitalization of C$160.07 million, a PE ratio of 3.75 and a beta of 3.02. The business's 50-day moving average is C$1.31 and its two-hundred day moving average is C$1.38.

Petrus Resources Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Wednesday, April 30th. Investors of record on Wednesday, April 30th were given a $0.01 dividend. The ex-dividend date was Tuesday, April 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 9.45%. Petrus Resources's dividend payout ratio (DPR) is presently 35.41%.

About Petrus Resources

(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.

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