Petrus Resources (PRQ) Stock Price Down 0.5%

Petrus Resources Ltd (TSE:PRQ)’s share price was down 0.5% during mid-day trading on Thursday . The stock traded as low as C$1.91 and last traded at C$1.94. Approximately 18,050 shares changed hands during mid-day trading, a decline of 13% from the average daily volume of 20,740 shares. The stock had previously closed at C$1.93.

Several equities analysts have recently issued reports on PRQ shares. Royal Bank of Canada lifted their price objective on Petrus Resources from C$3.25 to C$3.50 and gave the company an “outperform” rating in a research note on Thursday, October 5th. Raymond James Financial lifted their price objective on Petrus Resources from C$3.00 to C$3.50 and gave the company an “outperform” rating in a research note on Thursday, October 5th. Finally, National Bank Financial decreased their price objective on Petrus Resources from C$3.25 to C$3.00 and set an “outperform” rating for the company in a research note on Tuesday, November 14th.

The company has a market cap of $91.44 and a P/E ratio of -1.58.

In other Petrus Resources news, Director Don Gray bought 100,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was purchased at an average price of C$1.55 per share, for a total transaction of C$155,000.00.

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About Petrus Resources

Petrus Resources Ltd. is an oil and gas company. The Company focuses on property exploitation, strategic acquisitions and risk-managed exploration in Alberta. The Company has production and growth opportunities in approximately three areas within the province of Alberta, including Ferrier, Central Alberta and the central Rocky Mountain foothills region.

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