Petrus Resources (TSE:PRQ) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Petrus Resources Ltd. has reported an encouraging increase in oil production by 26% and a 3% rise in total production to 9,783 boe/d in the first quarter of 2024, compared to the previous quarter. Financially, the company maintained a steady funds flow of $16.3 million and sustained net debt, with a promising outlook for production and continued monthly dividends backed by a significant portion of hedged production for the remainder of 2024.
For further insights into TSE:PRQ stock, check out TipRanks’ Stock Analysis page.
