Petrus Resources (TSE:PRQ) Stock Price Up 2.1% - Time to Buy?

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) shares shot up 2.1% during trading on Friday . The stock traded as high as C$1.48 and last traded at C$1.48. 8,180 shares were traded 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 Stock Performance

The company has a market cap of C$182.76 million, a price-to-earnings ratio of 4.28 and a beta of 3.02. The firm has a 50-day moving average price of C$1.41 and a 200 day moving average price of C$1.35. 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 company also recently announced a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 29th will be given a $0.01 dividend. The ex-dividend date is Friday, August 15th. This represents a c) annualized dividend and a dividend yield of 8.3%. Petrus Resources's dividend payout ratio (DPR) is presently 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.