Petrus Resources (TSE:PRQ) Stock Price Down 3.6% – Here’s Why

Petrus Resources Ltd. (TSE:PRQ)’s stock price was down 3.6% on Monday . The company traded as low as C$2.08 and last traded at C$2.14. Approximately 173,472 shares changed hands during trading, an increase of 79% from the average daily volume of 96,953 shares. The stock had previously closed at C$2.22.

Petrus Resources Stock Performance

The stock has a market cap of C$288.93 million, a price-to-earnings ratio of 24.63 and a beta of 0.63. The company’s 50-day simple moving average is C$1.86 and its 200-day simple moving average is C$1.80. The company has a quick ratio of 0.48, a current ratio of 0.41 and a debt-to-equity ratio of 20.51.

Petrus Resources Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. Petrus Resources’s payout ratio is 150.00%.

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.