Petrus Resources (TSE:PRQ) Shares Up 2.1% - Here's Why

Key Points

• Petrus Resources Ltd. shares increased by 2.1% to C$1.48, although the trading volume dropped significantly by 79% compared to the average.
• The company has a market capitalization of C$186.54 million and a PE ratio of 4.37, indicating a potentially undervalued stock.
• Petrus Resources recently announced a monthly dividend of $0.01 with an annualized yield of 8.1% and a payout ratio of 35.41%.

Petrus Resources Ltd. (TSE:PRQ - Get Free Report) traded up 2.1% during trading on Friday . The company traded as high as C$1.48 and last traded at C$1.48. 8,180 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 38,467 shares. The stock had previously closed at C$1.45.

Petrus Resources Trading Down 0.7%

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 business has a fifty day simple moving average of C$1.41 and a 200 day simple moving average of C$1.35. The stock has a market capitalization of C$182.76 million, a price-to-earnings ratio of 4.28 and a beta of 3.02.

Petrus Resources Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 29th will be issued a $0.01 dividend. This represents a c) dividend on an annualized basis and a yield of 8.3%. The ex-dividend date of this dividend is Friday, August 15th. Petrus Resources's dividend 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.