Petrus Resources (TSE:PRQ) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Shares of Petrus Resources Ltd. (TSE:PRQ) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$1.37 and traded as low as C$1.34. Petrus Resources shares last traded at C$1.35, with a volume of 13,442 shares traded.

Petrus Resources Stock Down 0.7 %

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 firm has a market capitalization of C$170.15 million, a price-to-earnings ratio of 3.98 and a beta of 3.02. The firm has a fifty day moving average price of C$1.37 and a 200 day moving average price of C$1.40.

Petrus Resources Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be issued a $0.01 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 8.89%. The ex-dividend date of this dividend is Monday, March 17th. Petrus Resources’s dividend payout ratio (DPR) is currently 35.41%.

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.