Petrus Resources (TSE:PRQ) Stock Breaks Above 50-Day Moving Average – Here’s Why

Shares of Petrus Resources Ltd. (TSE:PRQ) passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of C$1.74 and traded as high as C$1.76. Petrus Resources shares last traded at C$1.75, with a volume of 73,997 shares traded.

Petrus Resources Stock Up 2.3%

The company has a debt-to-equity ratio of 22.68, a quick ratio of 0.48 and a current ratio of 0.36. The firm’s 50-day moving average is C$1.74 and its two-hundred day moving average is C$1.80. The stock has a market cap of C$262.00 million, a P/E ratio of -29.17 and a beta of -0.16.

Petrus Resources (TSE:PRQ) last posted its quarterly earnings data on Thursday, November 5th. The company reported C($0.06) earnings per share (EPS) for the quarter. The firm had revenue of C$32.52 million for the quarter. Petrus Resources had a negative return on equity of 2.64% and a negative net margin of 6.88%. On average, equities research analysts anticipate that Petrus Resources Ltd. will post 0.21 earnings per share for the current year.

Petrus Resources Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 27th will be given a dividend of $0.01 per share. The ex-dividend date is Monday, November 16th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 6.9%. Petrus Resources’s payout ratio is presently -200.00%.

Petrus Resources Company Profile

Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and risk-managed exploration in Alberta.