Prairie Provident Resources (TSE:PPR) Stock Price Down 25%

Prairie Provident Resources Inc. (TSE:PPR)’s stock price fell 25% during trading on Tuesday . The company traded as low as C$0.03 and last traded at C$0.03. 406,722 shares changed hands during mid-day trading, an increase of 292% from the average session volume of 103,761 shares. The stock had previously closed at C$0.04.

Prairie Provident Resources Stock Down 25.0 %

The company has a quick ratio of 0.28, a current ratio of 0.16 and a debt-to-equity ratio of 892.89. The business’s fifty day moving average price is C$0.05 and its 200 day moving average price is C$0.06. The firm has a market capitalization of C$21.49 million, a PE ratio of -0.36 and a beta of 2.75.

Prairie Provident Resources (TSE:PPR) last posted its quarterly earnings data on Wednesday, May 15th. The company reported C($0.01) EPS for the quarter. The business had revenue of C$13.00 million during the quarter. On average, equities research analysts forecast that Prairie Provident Resources Inc. will post 0.0801527 earnings per share for the current fiscal year.

Prairie Provident Resources Company Profile

Prairie Provident Resources Inc engages in the exploration, development, and production of oil and natural gas properties in Alberta. The company explores for light and medium oil, heavy crude oil, conventional natural gas, and natural gas liquids. It principally focuses on the Princess and Michichi areas targeting the Glauconite, Detrital, Ellerslie, Lower Cretaceous Mannville, and Mississippian Banff formations in southeastern Alberta; and the Evi areas targeting the Devonian Slave Point, Gilwood, and Granite Wash formations situated in the Peace River Arch area of northern Alberta.