Prairie Provident Resources (TSE:PPR) Shares Down 20% – What’s Next?

Shares of Prairie Provident Resources Inc. (TSE:PPR) dropped 20% during mid-day trading on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 107,247 shares changed hands during trading, a decline of 27% from the average daily volume of 147,796 shares. The stock had previously closed at C$0.03.

Prairie Provident Resources Price Performance

The firm has a market capitalization of C$28.03 million, a PE ratio of -1.00 and a beta of 0.61. The company has a current ratio of 0.15, a quick ratio of 0.28 and a debt-to-equity ratio of 892.89. The company has a fifty day moving average price of C$0.02 and a two-hundred day moving average price of C$0.03.

Prairie Provident Resources (TSE:PPR) last released its quarterly earnings results on Friday, November 14th. The company reported C$0.00 EPS for the quarter. The firm had revenue of C$8.36 million for the quarter. Sell-side analysts forecast 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 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.