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

Petrus Resources Ltd. (TSE:PRQ) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$1.90 and traded as high as C$2.09. Petrus Resources shares last traded at C$2.06, with a volume of 199,208 shares.

Petrus Resources Price Performance

The stock’s fifty day moving average is C$1.90 and its 200-day moving average is C$1.85. The stock has a market capitalization of C$303.70 million, a PE ratio of 25.75 and a beta of 0.29. The company has a debt-to-equity ratio of 20.51, a current ratio of 0.41 and a quick ratio of 0.48.

Petrus Resources Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 30th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 5.8%. Petrus Resources’s dividend payout ratio is 150.00%.

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.