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

Key Points

• Petrus Resources Ltd. (TSE:PRQ) saw its stock price decline by 3.5% on Monday, trading between C$1.59 and C$1.65, with a significant increase in trading volume.
• The company recently announced a dividend of $0.01 per share, with an impressive dividend yield of 811.0% and a dividend payout ratio of 171.43%.
• Petrus Resources has a market cap of C$224.09 million and operates primarily in Alberta, focusing on oil and natural gas revenue generation.

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

Petrus Resources Trading Up 0.6%

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

Petrus Resources Announces Dividend

The business also recently announced a sep 25 dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 29th will be paid a dividend of $0.01 per share. This represents a dividend yield of 811.0%. The ex-dividend date is Monday, September 15th. Petrus Resources's dividend payout ratio (DPR) is currently 171.43%.

Petrus Resources Company Profile

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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