Petrus Resources (TSE:PRQ) Trading 30.4% Higher

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Shares of Petrus Resources Ltd (TSE:PRQ) were up 30.4% during trading on Thursday . The stock traded as high as C$0.30 and last traded at C$0.30. Approximately 149,176 shares were traded during mid-day trading, an increase of 272% from the average daily volume of 40,121 shares. The stock had previously closed at C$0.23.

Several research analysts have issued reports on PRQ shares. CIBC dropped their price objective on Petrus Resources from C$1.00 to C$0.85 in a research note on Friday, March 15th. National Bank Financial dropped their price objective on Petrus Resources from C$1.00 to C$0.85 and set an “outperform” rating for the company in a research note on Friday, March 15th. Finally, Raymond James dropped their price objective on Petrus Resources from C$1.25 to C$1.00 and set an “outperform” rating for the company in a research note on Friday, March 15th.

The company has a debt-to-equity ratio of 97.57, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a 50 day simple moving average of C$0.34. The company has a market cap of $11.38 million and a PE ratio of -1.43.

Petrus Resources (TSE:PRQ) last announced its earnings results on Monday, May 6th. The company reported C($0.26) earnings per share for the quarter. The firm had revenue of C$20.23 million during the quarter. On average, equities research analysts anticipate that Petrus Resources Ltd will post -0.11 earnings per share for the current year.

About Petrus Resources (TSE:PRQ)

Petrus Resources Ltd., an energy company, engages in the acquisition, exploration, development, and exploitation of oil and gas development assets in western Canada. It primarily explores for natural gas, natural gas liquids, and crude oil. The company holds 55% working interest in Ferrier/Strachan Area, which include 31,767 net acres of undeveloped land and 13,216 net acres of developed land located in west central Alberta near the town of Rocky Mountain House, Alberta.

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