Prairie Provident Resources Inc. (TSE:PPR – Get Free Report)’s stock price rose 40% during trading on Monday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 177,550 shares traded hands during mid-day trading, an increase of 49% from the average daily volume of 119,454 shares. The stock had previously closed at C$0.03.
Prairie Provident Resources Price Performance
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 company has a market cap of C$27.97 million, a P/E ratio of -0.75 and a beta of 2.52. The stock has a 50-day simple moving average of C$0.04 and a 200 day simple moving average of C$0.05.
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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