Petrus Resources (PRQ) Stock Price Down 3.9%

Shares of Petrus Resources Ltd (TSE:PRQ) dropped 3.9% during trading on Wednesday . The company traded as low as C$1.23 and last traded at C$1.23. Approximately 5,371 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 61,614 shares. The stock had previously closed at C$1.28.

PRQ has been the topic of a number of research reports. Royal Bank of Canada cut their price objective on shares of Petrus Resources from C$3.25 to C$2.75 and set an “outperform” rating on the stock in a research report on Monday, December 18th. National Bank Financial lowered their target price on shares of Petrus Resources from C$3.00 to C$2.25 and set an “outperform” rating on the stock in a report on Monday, December 18th.

The company has a market capitalization of $65.24 and a price-to-earnings ratio of -1.09.

In other news, Director Don Gray bought 100,000 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were acquired at an average cost of C$1.55 per share, for a total transaction of C$155,000.00.

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Petrus Resources Company Profile

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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