Prairie Provident Resources (TSE:PPR) Hits New 12-Month Low – Time to Sell?

Prairie Provident Resources Inc. (TSE:PPR) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.40 and last traded at C$0.47, with a volume of 132540 shares traded. The stock had previously closed at C$0.55.

Prairie Provident Resources Price Performance

The firm has a market capitalization of C$24.76 million, a PE ratio of -0.88 and a beta of 0.08. The firm’s fifty day moving average price is C$0.68 and its 200 day moving average price is C$0.76. 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 results on Friday, November 14th. The company reported C($0.15) EPS for the quarter. The business had revenue of C$8.36 million for the quarter. As a group, equities 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.