Petrus Resources (TSE:PRQ) Shares Pass Above 200 Day Moving Average – Should You Sell?

Petrus Resources Ltd. (TSE:PRQ)’s stock price crossed 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 traded.

Petrus Resources Trading Down 2.0 %

The company has a quick ratio of 0.48, a current ratio of 0.31 and a debt-to-equity ratio of 19.56. The business’s fifty day moving average is C$1.44 and its two-hundred day moving average is C$1.39. The firm has a market cap of C$179.09 million, a price-to-earnings ratio of 7.20 and a beta of 3.02.

Petrus Resources Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 30th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.12 annualized dividend and a yield of 8.33%. Petrus Resources’s dividend payout ratio is currently 60.00%.

Petrus Resources Company Profile

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.