Petrus Resources Ltd. (PRQ) to Distribute Monthly Dividend of $0.01 on August 28th

Petrus Resources Ltd. (TSE:PRQ) declared a monthly dividend on Monday, August 17th, TickerTech Dividends reports. Shareholders of record on Friday, August 28th will be given a dividend of 0.01 per share on Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Monday, August 17th.

Petrus Resources Trading Up 2.2%

Shares of Petrus Resources stock opened at C$1.85 on Friday. Petrus Resources has a 12-month low of C$1.43 and a 12-month high of C$2.30. The stock has a market cap of C$274.70 million, a P/E ratio of -92.50 and a beta of 0.26. 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 business’s 50 day moving average is C$1.72 and its 200-day moving average is C$1.82.

Petrus Resources (TSE:PRQ) last released its earnings results on Thursday, August 6th. The company reported C$0.06 earnings per share for the quarter. The business had revenue of C$32.63 million during the quarter. Petrus Resources had a negative net margin of 1.99% and a negative return on equity of 0.66%. Equities research analysts predict that Petrus Resources will post 0.2131148 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Donald Gordon Cormack purchased 29,382 shares of the stock in a transaction on Friday, August 14th. The shares were purchased at an average cost of C$1.82 per share, with a total value of C$53,475.24. Following the acquisition, the director directly owned 30,002 shares in the company, valued at C$54,603.64. The trade was a 4,739.03% increase in their ownership of the stock. Over the last quarter, insiders have bought 66,882 shares of company stock valued at $114,871. 75.21% of the stock is owned by corporate insiders.

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.