Petrus Resources (TSE:PRQ) Announces Earnings Results

Petrus Resources (TSE:PRQ) posted its quarterly earnings data on Thursday. The company reported C($0.06) EPS for the quarter, FiscalAI reports. Petrus Resources had a negative return on equity of 0.66% and a negative net margin of 1.99%. The company had revenue of C$32.52 million during the quarter.

Petrus Resources Price Performance

PRQ stock traded down C$0.02 during trading on Friday, reaching C$1.65. The company’s stock had a trading volume of 30,853 shares, compared to its average volume of 79,479. Petrus Resources has a 1 year low of C$1.60 and a 1 year high of C$2.30. The company has a quick ratio of 0.48, a current ratio of 0.45 and a debt-to-equity ratio of 20.95. The company has a market capitalization of C$247.03 million, a P/E ratio of -82.50 and a beta of -0.16. The company’s fifty day moving average is C$1.75 and its 200-day moving average is C$1.80.

Petrus Resources Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, October 30th. Investors of record on Friday, October 30th were issued a $0.01 dividend. The ex-dividend date of this dividend was Thursday, October 15th. This represents a $0.12 annualized dividend and a yield of 7.3%. Petrus Resources’s dividend payout ratio is currently -600.00%.

Insider Activity at Petrus Resources

In other Petrus Resources news, Director Donald Gordon Cormack bought 29,382 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was purchased at an average price of C$1.82 per share, for a total transaction of C$53,475.24. Following the completion of the transaction, the director owned 30,002 shares of the company’s stock, valued at C$54,603.64. This trade represents a 4,739.03% increase in their position. 75.21% of the stock is owned by insiders.

Petrus Resources Company Profile

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.