Prairie Provident Resources (TSE:PPR) Stock Price Down 27.3%

Prairie Provident Resources Inc. (TSE:PPR) shares fell 27.3% during trading on Thursday . The stock traded as low as C$0.04 and last traded at C$0.04. 160,354 shares changed hands during trading, an increase of 54% from the average session volume of 104,283 shares. The stock had previously closed at C$0.06.

Prairie Provident Resources Price Performance

The firm’s fifty day simple moving average is C$0.04 and its 200 day simple moving average is C$0.06. The firm has a market cap of C$32.23 million, a P/E ratio of -0.75 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.

Prairie Provident Resources (TSE:PPR) last released its quarterly earnings data on Wednesday, August 14th. The company reported C($0.01) EPS for the quarter. The business had revenue of C$9.49 million for the quarter. As a group, analysts forecast that Prairie Provident Resources Inc. will post 0.0801527 earnings per share for the current 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.