Prairie Provident Resources (TSE:PPR) Sets New 52-Week Low – What’s Next?

Prairie Provident Resources Inc. (TSE:PPR) shares reached a new 52-week low on Monday . The company traded as low as C$0.03 and last traded at C$0.03, with a volume of 28524 shares changing hands. The stock had previously closed at C$0.02.

Prairie Provident Resources Stock Performance

The company has a debt-to-equity ratio of 892.89, a current ratio of 0.15 and a quick ratio of 0.28. The stock’s 50-day simple moving average is C$0.02 and its 200 day simple moving average is C$0.03. The stock has a market capitalization of C$35.04 million, a P/E ratio of -1.25 and a beta of 0.61.

Prairie Provident Resources (TSE:PPR) last posted its earnings results on Friday, November 14th. The company reported C$0.00 earnings per share (EPS) for the quarter. The company 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 fiscal 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.