Petrus Resources Ltd. (OTCMKTS:PTRUF) Sees Large Increase in Short Interest

Petrus Resources Ltd. (OTCMKTS:PTRUF) was the target of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 14,400 shares, a growth of 56.5% from the October 31st total of 9,200 shares. Based on an average trading volume of 32,700 shares, the days-to-cover ratio is currently 0.4 days.

Petrus Resources Price Performance

Shares of PTRUF traded up $0.01 during mid-day trading on Friday, hitting $1.01. 7,804 shares of the company’s stock were exchanged, compared to its average volume of 20,155. Petrus Resources has a fifty-two week low of $0.87 and a fifty-two week high of $1.11. The business’s 50 day moving average is $1.03 and its two-hundred day moving average is $1.00.

Petrus Resources Company Profile

Petrus Resources Ltd., together with its subsidiaries, engages in the acquisition, exploration, development, and exploitation of assets in Canada. The company primarily explores for crude oil and condensate, natural gas, and natural gas liquids. Its principal property is the Ferrier Area with approximately 94,614 acres of land located in the west Central Alberta near the town of Rocky Mountain House, Alberta.