Petrus Resources (TSE:PRQ) Announces Quarterly Earnings Results

Petrus Resources (TSE:PRQ) released 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 business had revenue of C$32.52 million during the quarter.

Petrus Resources Stock Performance

Shares of TSE PRQ opened at C$1.67 on Friday. The firm’s 50-day moving average price is C$1.75 and its 200-day moving average price is C$1.80. 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 cap of C$250.02 million, a PE ratio of -83.50 and a beta of -0.16. Petrus Resources has a 52-week low of C$1.60 and a 52-week high of C$2.30.

Petrus Resources Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Friday, October 30th were paid a dividend of $0.01 per share. The ex-dividend date was Thursday, October 15th. This represents a $0.12 annualized dividend and a yield of 7.2%. Petrus Resources’s dividend payout ratio is currently -600.00%.

Insider Activity at Petrus Resources

In related news, Director Donald Gordon Cormack acquired 29,382 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was purchased at an average cost of C$1.82 per share, with a total value of C$53,475.24. Following the completion of the acquisition, the director directly owned 30,002 shares of the company’s stock, valued at approximately C$54,603.64. This trade represents a 4,739.03% increase in their ownership of the stock. 75.21% of the stock is owned by corporate 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.