Petrus Resources (TSE:PRQ) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Petrus Resources Ltd. (TSE:PRQ)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$1.39 and traded as high as C$1.51. Petrus Resources shares last traded at C$1.44, with a volume of 171,855 shares changing hands.

Petrus Resources Price Performance

The firm has a market cap of C$181.58 million, a P/E ratio of 7.30 and a beta of 3.02. The business’s fifty day simple moving average is C$1.44 and its 200-day simple moving average is C$1.39. The company has a current ratio of 0.31, a quick ratio of 0.48 and a debt-to-equity ratio of 19.56.

Petrus Resources Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 30th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 8.22%. Petrus Resources’s payout ratio is 60.00%.

About Petrus Resources

Petrus Resources Ltd., together with its subsidiaries, engages in the acquisition, exploration, development, and exploitation of assets in Canada. The company primarily explores for crude oil and condensate, natural gas, and natural gas liquids. Its principal property is the Ferrier Area with approximately 94,614 acres of land located in the west Central Alberta near the town of Rocky Mountain House, Alberta.