Prairie Provident Resources (TSE:PPR) Shares Down 20% – Here’s Why

Shares of Prairie Provident Resources Inc. (TSE:PPR) traded down 20% during mid-day trading on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02. 128,185 shares were traded during trading, a decline of 11% from the average session volume of 144,790 shares. The stock had previously closed at C$0.03.

Prairie Provident Resources Price Performance

The stock has a market cap of C$35.04 million, a price-to-earnings ratio of -1.25 and a beta of 0.34. The company has a 50 day simple moving average of C$0.02 and a 200-day simple moving average of C$0.03. 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 data on Friday, November 14th. The company reported C$0.00 earnings per share for the quarter. The firm had revenue of C$8.36 million for the quarter. Research analysts expect that Prairie Provident Resources Inc. will post 0.0801527 EPS for the current year.

Prairie Provident Resources Company Profile

Prairie Provident Resources Inc is an independent oil and natural gas exploration, development, and production company generating revenue from Oil and natural gas. The company’s operations are primarily focused on the Princess and Michichi areas in Southern Alberta targeting the Ellerslie, Lithic Glauconite and Banff formations, along with an established and proven waterflood project at its Evi property located in the Peace River Arch area of Northern Alberta.