Shares of Prairie Provident Resources Inc. (TSE:PPR – Get Free Report) were down 20% during mid-day trading on Thursday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 902,133 shares traded hands during trading, an increase of 359% from the average daily volume of 196,378 shares. The stock had previously closed at C$0.05.
Prairie Provident Resources Stock Down 20.0 %
The business’s 50 day moving average is C$0.05 and its 200 day moving average is C$0.04. The company has a quick ratio of 0.28, a current ratio of 0.15 and a debt-to-equity ratio of 892.89. The company has a market cap of C$37.29 million, a P/E ratio of -1.00 and a beta of 2.52.
About Prairie Provident Resources
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.
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