Petrus Resources (TSE:PRQ) Trading Down 6.4% - What's Next?

Key Points

• Petrus Resources Ltd. saw a significant drop of 6.4% in its stock price, trading as low as C$1.59 during mid-day trading.
• The company declared a dividend of $0.01 per share, with a yield of 811.0%, to be paid on September 29th.
• Petrus Resources has a market cap of C$224.09 million and a P/E ratio of 24.57, indicating its current financial standing in the market.

Petrus Resources Ltd. (TSE:PRQ - )'s stock price dropped 6.4% during mid-day trading on Monday . The stock traded as low as C$1.59 and last traded at C$1.60. Approximately 153,686 shares were traded during mid-day trading, an increase of 276% from the average daily volume of 40,868 shares. The stock had previously closed at C$1.71.

Petrus Resources Trading Up 0.6%

The firm has a fifty day simple moving average of C$1.48 and a 200-day simple 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 debt-to-equity ratio of 19.79, a current ratio of 0.42 and a quick ratio of 0.48.

Petrus Resources Dividend Announcement

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

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.

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