Is Petrus Resources Ltd’s Fuel Running Low? The Stock Just Declined Again

 Is Petrus Resources Ltd's Fuel Running Low? The Stock Just Declined Again

The stock of Petrus Resources Ltd (TSE:PRQ) is a huge mover today! About 18,200 shares traded hands. Petrus Resources Ltd (TSE:PRQ) has risen 21.21% since April 13, 2016 and is uptrending. It has outperformed by 16.78% the S&P500.
The move comes after 5 months negative chart setup for the $122.86 million company. It was reported on Nov, 18 by We have $1.95 PT which if reached, will make TSE:PRQ worth $13.51M less.

Petrus Resources Ltd (TSE:PRQ) Ratings Coverage

Out of 2 analysts covering Progress Energy Resources Corp. (TSE:PRQ), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $4.50 is the highest target while $2.25 is the lowest. The $3.38 average target is 54.34% above today’s ($2.19) stock price. Progress Energy Resources Corp. has been the topic of 3 analyst reports since February 18, 2016 according to StockzIntelligence Inc. The company was initiated on Thursday, February 18 by Cormark Securities. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, July 8. The company was initiated on Wednesday, February 24 by FirstEnergy Capital.

More notable recent Petrus Resources Ltd (TSE:PRQ) news were published by: which released: “Petrus Resources Announces Third Quarter 2016 Financial & Operating Results” on November 09, 2016, also with their article: “Petrus Resources Ltd. Announces Major Acquisition and Financing and Provides …” published on September 03, 2014, published: “Phoscan Announces Plan of Arrangement With Petrus Resources Ltd. and Related …” on November 30, 2015. More interesting news about Petrus Resources Ltd (TSE:PRQ) were released by: and their article: “Petrus Resources Ltd. Announces Closing of Acquisition and Debt Financing and …” published on October 08, 2014 as well as‘s news article titled: “Insider buying at Petrus Resources” with publication date: July 22, 2016.

Petrus Resources Ltd. is an oil and gas company. The company has a market cap of $122.86 million. The Firm focuses on property exploitation, strategic acquisitions and risk-managed exploration in Alberta. It has a 1.34 P/E ratio. The Firm 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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