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Petrus Resources (TSE:PRQ) Trading 1.9% Higher - What's Next?

Petrus Resources logo with Energy background

Key Points

  • Petrus Resources Ltd. experienced a 1.9% increase in stock price, trading at C$1.63 with a notable volume of 137,705 shares, significantly above its average volume.
  • The company announced a monthly dividend of $0.01 scheduled for October 31st, with a yield of 7.4% and an ex-dividend date of October 15th.
  • Petrus has a debt-to-equity ratio of 19.79, indicating a potentially high leverage situation, and an annualized dividend payout ratio of 171.43%.
  • Five stocks to consider instead of Petrus Resources.

Petrus Resources Ltd. (TSE:PRQ - Get Free Report) shot up 1.9% during trading on Monday . The company traded as high as C$1.66 and last traded at C$1.63. 137,705 shares changed hands during trading, an increase of 233% from the average session volume of 41,307 shares. The stock had previously closed at C$1.60.

Petrus Resources Trading Up 1.9%

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 company has a 50 day moving average price of C$1.55 and a 200 day moving average price of C$1.42. The firm has a market cap of C$212.36 million, a price-to-earnings ratio of 23.29 and a beta of 1.10.

Petrus Resources Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 31st will be given a $0.01 dividend. The ex-dividend date is Wednesday, October 15th. This represents a c) annualized dividend and a yield of 7.4%. Petrus Resources's dividend payout ratio is presently 171.43%.

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.

Further Reading

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