Petrus Resources (TSE:PRQ) Shares Down 3.5% - Time to Sell?

Key Points

• Petrus Resources Ltd. (TSE:PRQ) shares fell 3.5%, trading as low as C$1.59, with a notable trading volume increase of 309% compared to its average session.
• The company recently announced a $0.01 dividend to be paid on September 29th, boasting an impressive dividend yield of 811.0%, although the payout ratio stands at 171.43%.
• Petrus Resources has a market capitalization of C$224.09 million, a P/E ratio of 24.57, and operates primarily in the oil and natural gas sector within Central Alberta and the Rocky Mountain foothills.

Petrus Resources Ltd. (TSE:PRQ - ) shares traded down 3.5% during trading on Monday . The company traded as low as C$1.59 and last traded at C$1.65. 167,691 shares traded hands during trading, an increase of 309% from the average session volume of 41,048 shares. The stock had previously closed at C$1.71.

Petrus Resources Stock Performance

The stock has a market capitalization of C$224.09 million, a P/E ratio of 24.57 and a beta of 0.97. The stock has a 50 day moving average of C$1.48 and a 200 day moving average of C$1.38. The company has a debt-to-equity ratio of 19.79, a quick ratio of 0.48 and a current ratio of 0.42.

Petrus Resources Dividend Announcement

The firm also recently declared a sep 25 dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 29th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a dividend yield of 811.0%. Petrus Resources's dividend payout ratio is presently 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.

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