Petrus Resources Ltd. CA:PRQ stock price is up 38% in the last 5 days, but is the run over for this breakout stock? There is an old adage, “two heads are better than one”, so let’s put both our heads together and compare notes on CA:PRQ.
In this in depth report, I look at 5 KPIs: Technical Analysis, Volume, News Cycle, Fundamentals & awareness campaigns. I believe the stock market is not gambling, it is also not fool proof, but I have developed a dependable system. I have found some critical components to success for CA:PRQ, tell me what you think.
Before we get started, I like being methodical and easy to understand so I have developed a ranking system for my stocks. I call it, Alexander Goldman’s “HOT Stock Ranking!”
The official heat level for CA:PRQ is, a 🔥🔥🔥 3 out of 4
Before I get ahead of myself and just jump right into this exciting breakout stock, I wanted to introduce myself.
Hello 🙋♂️ My name is Alexander Goldman. I have been trading small cap stocks, breakout stocks and trending stocks for 20 years now. I’m accredited for establishing the coveted HOT Stock Reporting system for breakout stocks.
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Petrus Resources Company Information
Company Name: Petrus Resources Ltd.
Exchange: Canadian Stock Exchange
Petrus Resources Ltd. Company Summary:
Petrus Resources Ltd. operates as an energy company. The firm engages in the exploitation, acquisitions, and risk-managed exploration. It focuses on the operation of all season access lands with significant infrastructure in the Ferrier and Strachan, Foothills, and Thorsby and Pembina areas of Alberta. The company was founded by Donald T. Gray on November 25, 2015 and is headquartered in Calgary, Canada.
CA:PRQ stock price is due to News?
Mar 14, 2022
Announced that it has closed its previously announced acquisition of a privately owned limited partnership and its general partner for total consideration of approximately $14.4 million, consisting of the issuance of 10 million common shares of the Company.
Petrus’ approved 2022 capital budget remains at $50-$55 million following the acquisition. Capital will be largely focused on the drilling, completion and tie-in of 14 net wells in Ferrier. The 2022 budget was constructed using a price forecast of WTI at US$69.00/bbl, AECO at $3.20/GJ and a foreign exchange rate of US$0.79. Through the successful execution of this capital plan and with the acquired entities now included, Petrus is expecting to:
Trending Stock CA:PRQ 5 Day Chart
CA:PRQ Stock Price HOT Stock Grade:
The official heat level for CA:PRQ is, a 🔥🔥🔥 3 out of 4 . Here are my takeaways on it and why it is just a 3 out of 4. Do you agree?
CA:PRQ Trading Volume
The volume, is trading at an increase of 98% over the average which indicates a higher demand in the stock.
Trading 101: volume is measured in the number of shares traded. Traders look to volume to determine liquidity and combine changes in volume with technical indicators to make trading decisions. So, let’s take a look at the technical indicators.
The technical analysis “chart reading”, it is bullish and has been that way since mid part of this March with a steady ascending channel. I like it as a 3 of 4 only if it can beat $2.60. Otherwise, I don’ trust it. It is in a consolidation pattern and the $2.60 is important to beat.
Trading 101: Technical indicators are technical tools that help in analyzing the movement in the stock prices whether the ongoing trend is going to continue or reverse. It helps the traders to make entry and exit decisions of a particular stock. Technical indicators can be leading or lagging indicators.
CA:PRQ News Cycle
The news, there is significant news, ” acquisition of a privately owned limited partnership and its general partner for total consideration of approximately $14.4 million” circulating around CA:PRQ stock price. This is a factor in driving the demand, share volume spikes.
The fundamentals, there is exciting financial filings associated with this stock, “acquisition of a privately owned limited partnership and its general partner for total consideration of approximately $14.4 million” but based on other key indicators it reduces the overall importance of the revenue due to cash flow issues.
Trading 101: Fundamental trading is a method where a trader focuses on company-specific events to determine which stock to buy and when to buy it. Trading on fundamentals is more closely associated with a buy-and-hold strategy rather than short-term trading.
Marketing efforts “Awareness Campaigns”, I have not found marketing efforts around the investor awareness of this company. Hence the 3 out of 4. Do you agree? Write me a line at [email protected]
Again, two heads are better than one, let’s work together to have the best trading year of our lives!
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