Petrus Resources (TSE:PRQ) Share Price Passes Below 50-Day Moving Average of $1.34

Posted by Defense World Staff on Sep 21st, 2024

Petrus Resources Ltd. (TSE:PRQ – Get Free Report) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$1.34 and traded as low as C$1.33. Petrus Resources shares last traded at C$1.34, with a volume of 32,440 shares traded.

Petrus Resources Price Performance

The company has a 50-day moving average of C$1.34 and a 200 day moving average of C$1.35. The company has a debt-to-equity ratio of 19.56, a quick ratio of 0.48 and a current ratio of 0.31. The firm has a market cap of C$166.66 million, a P/E ratio of 6.70 and a beta of 3.04.

Petrus Resources (TSE:PRQ – Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C$0.02 earnings per share (EPS) for the quarter. Petrus Resources had a return on equity of 8.65% and a net margin of 28.06%. The company had revenue of C$23.15 million during the quarter. On average, sell-side analysts anticipate that Petrus Resources Ltd. will post 0.2011923 EPS for the current year.

Petrus Resources Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 17th will be given a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.12 dividend on an annualized basis and a yield of 8.96%. Petrus Resources’s dividend payout ratio (DPR) is presently 60.00%.

Insiders Place Their Bets

In other news, Director Kenneth Graham Gray sold 18,600 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of C$1.40, for a total value of C$26,040.00. Over the last ninety days, insiders have sold 30,568 shares of company stock valued at $42,704. 75.21% of the stock is currently owned by insiders.

Petrus Resources Company Profile

(Get Free Report)

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.