Petrus Resources (TSE:PRQ) Share Price Crosses Below 200 Day Moving Average - Here's What Happened

Petrus Resources Ltd. (TSE:PRQ - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$1.39 and traded as low as C$1.25. Petrus Resources shares last traded at C$1.25, with a volume of 18,800 shares traded.

Petrus Resources Stock Up 0.8 %

The business has a fifty day moving average price of C$1.32 and a two-hundred day moving average price of C$1.38. The company has a debt-to-equity ratio of 19.79, a current ratio of 0.42 and a quick ratio of 0.48. The firm has a market cap of C$160.07 million, a PE ratio of 3.75 and a beta of 3.02.

Petrus Resources Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 30th will be given a $0.01 dividend. This represents a $0.12 annualized dividend and a yield of 9.45%. The ex-dividend date of this dividend is Tuesday, April 15th. Petrus Resources's payout ratio is currently 35.41%.

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.