Petrus Resources Ltd (TSE:PRQ) had its target price lowered by Royal Bank Of Canada from C$2.75 to C$2.50 in a research report sent to investors on Thursday morning, StockTargetPrices.com reports.
Separately, RBC Capital Markets dropped their price objective on shares of Petrus Resources from C$2.75 to C$2.50 in a report on Thursday. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of C$3.06.
Shares of Petrus Resources (TSE:PRQ) traded up 1.49% during trading on Thursday, hitting $2.05. The stock had a trading volume of 2,800 shares. Petrus Resources has a 1-year low of $1.73 and a 1-year high of $4.50. The firm has a 50-day moving average of $1.99 and a 200 day moving average of $2.07. The company’s market capitalization is $92.97 million.
About Petrus Resources
Petrus Resources Ltd., formerly PhosCan Chemical Corp., is a Canada-based oil and gas company focused on property exploitation and strategic acquisitions in Alberta. The Company, through Fox River Resources Corp., is engaged in the exploration and evaluation of the Martison Phosphate Project. The Company focuses on production in approximately four areas within the province of Alberta, which includes Ferrier, Central Alberta, the central Rocky Mountain foothills region and the Peace River area.
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