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

Prairie Provident Resources Inc. (TSE:PPR) shares were down 25% during trading on Tuesday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 406,722 shares traded hands during trading, an increase of 292% from the average daily 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 current ratio of 0.16, a quick ratio of 0.28 and a debt-to-equity ratio of 892.89. The business’s fifty day moving average price is C$0.05 and its two-hundred day moving average price is C$0.06. The firm has a market cap of C$21.49 million, a P/E ratio of -0.36 and a beta of 2.75.

Prairie Provident Resources (TSE:PPR) last announced its quarterly earnings results on Wednesday, May 15th. The company reported C($0.01) earnings per share for the quarter. The business had revenue of C$13.00 million during the quarter. As a group, equities research analysts anticipate that Prairie Provident Resources Inc. will post 0.0801527 EPS for the current 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.