Petrus Resources (TSE:PRQ) Stock Crosses Below Fifty Day Moving Average – Time to Sell?

Shares of Petrus Resources Ltd. (TSE:PRQ) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$1.43 and traded as low as C$1.41. Petrus Resources shares last traded at C$1.41, with a volume of 16,684 shares.

Petrus Resources Stock Up 3.5 %

The company has a debt-to-equity ratio of 19.56, a current ratio of 0.31 and a quick ratio of 0.48. The firm has a market cap of C$182.82 million, a P/E ratio of 7.35 and a beta of 3.02. The firm’s 50-day moving average price is C$1.43 and its 200 day moving average price is C$1.39.

Petrus Resources (TSE:PRQ) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$0.04 earnings per share for the quarter. Petrus Resources had a net margin of 28.06% and a return on equity of 8.65%. On average, equities research analysts expect that Petrus Resources Ltd. will post 0.2131148 earnings per share for the current fiscal year.

Petrus Resources Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 31st will be issued a $0.01 dividend. This represents a $0.12 annualized dividend and a yield of 8.16%. The ex-dividend date is Wednesday, January 15th. Petrus Resources’s payout ratio is currently 60.00%.

About Petrus Resources

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.