Shares of Petrus Resources Ltd (TSE:PRQ) were up 5.6% during mid-day trading on Monday . The stock traded as high as C$1.32 and last traded at C$1.32. Approximately 990,787 shares were traded during trading, an increase of 1,434% from the average daily volume of 64,575 shares. The stock had previously closed at C$1.25.
Several analysts recently issued reports on PRQ shares. National Bank Financial cut their price objective on Petrus Resources from C$3.25 to C$3.00 and set an “outperform” rating for the company in a report on Tuesday, November 14th. Royal Bank of Canada cut their price objective on Petrus Resources from C$3.25 to C$2.75 and set an “outperform” rating for the company in a report on Monday, December 18th.
The company has a market cap of $65.24 and a price-to-earnings ratio of -1.15.
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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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