Prairie Provident Resources (TSE:PPR) Trading Down 12.5% – What’s Next?

Prairie Provident Resources Inc. (TSE:PPR)’s share price was down 12.5% during trading on Monday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 21,444 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 102,070 shares. The stock had previously closed at C$0.04.

Prairie Provident Resources Stock Up 12.5 %

The company has a market capitalization of C$41.96 million, a price-to-earnings ratio of -1.00 and a beta of 2.52. The company has a debt-to-equity ratio of 892.89, a quick ratio of 0.28 and a current ratio of 0.15. The business’s 50 day moving average is C$0.04 and its 200 day moving average is C$0.05.

Prairie Provident Resources (TSE:PPR) last issued its earnings results on Wednesday, August 14th. The company reported C($0.01) earnings per share (EPS) for the quarter. The company had revenue of C$9.49 million during the quarter. Sell-side analysts anticipate that Prairie Provident Resources Inc. will post 0.0801527 earnings per share 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.