( ) saw a notable decline in short interest throughout the month of march. On March 31, there were 11,800 shorted shares. This is a decrease of 22,4% from the total of 15,200 on March 15. The short-interest rate is currently 0.4 day based on an average daily share volume of 27,800.
Petrus Resources Trading down 4.4 %
On Monday, the stock fell $0.06 to $1.30. Stock traded 5,450 shares versus its average of 13,093. The company's 50-day moving average is $1.39, and its 200-day moving average is $1.69. In a separate research report published on Friday, 17th March, Stifel Nicolaus lowered their price target for Petrus Resources, from C$3.25 down to C$3.00.
Company Profile of Petrus Resources
Petrus Resources Ltd. is an energy company. The company is involved in exploitation, acquisitions and risk-managed exploratory activities. It is focused on all-season access lands in Alberta's Thorsby, Pembina, Foothills and Ferrier and Strachan areas.
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