Prairie Provident Resources (TSE:PPR) Sets New 52-Week Low – Time to Sell?

Prairie Provident Resources Inc. (TSE:PPR)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as C$0.03 and last traded at C$0.04, with a volume of 25333 shares trading hands. The stock had previously closed at C$0.03.

Prairie Provident Resources Stock Performance

The firm has a 50-day moving average of C$0.04 and a 200 day moving average of C$0.05. The company has a market cap of C$37.29 million, a P/E ratio of -1.00 and a beta of 2.52. The company has a current ratio of 0.15, a quick ratio of 0.28 and a debt-to-equity ratio of 892.89.

Prairie Provident Resources (TSE:PPR) last posted its quarterly earnings results on Wednesday, August 14th. The company reported C($0.01) earnings per share (EPS) for the quarter. The business had revenue of C$9.49 million during the quarter. On average, analysts predict that Prairie Provident Resources Inc. will post 0.0801527 earnings per share for the current fiscal year.

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.