Petrus Resources (TSE:PRQ) Shares Pass Below 50 Day Moving Average – Time to Sell?

Petrus Resources Ltd. (TSE:PRQ)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$1.87 and traded as low as C$1.75. Petrus Resources shares last traded at C$1.76, with a volume of 82,786 shares trading hands.

Petrus Resources Trading Down 1.7%

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 50-day simple moving average of C$1.87 and a two-hundred day simple moving average of C$1.71. The stock has a market cap of C$232.64 million, a price-to-earnings ratio of 176.00 and a beta of 1.10.

Petrus Resources Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 30th were paid a $0.01 dividend. This represents a c) annualized dividend and a yield of 6.8%. The ex-dividend date was Monday, December 15th. Petrus Resources’s payout ratio is presently 1,200.00%.

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.