Prairie Provident Resources (TSE:PPR) Hits New 52-Week Low – Time to Sell?

Prairie Provident Resources Inc. (TSE:PPR) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.40 and last traded at C$0.40, with a volume of 13762 shares trading hands. The stock had previously closed at C$0.41.

Prairie Provident Resources Price Performance

The company has a quick ratio of 0.28, a current ratio of 0.15 and a debt-to-equity ratio of 892.89. The company’s fifty day moving average price is C$0.64 and its two-hundred day moving average price is C$0.74. The company has a market cap of C$18.69 million, a price-to-earnings ratio of -0.67 and a beta of -0.41.

Prairie Provident Resources (TSE:PPR) last posted its quarterly earnings data on Friday, November 14th. The company reported C($0.15) EPS for the quarter. The company had revenue of C$8.36 million for the quarter. On average, equities research analysts forecast that Prairie Provident Resources Inc. will post 0.0801527 EPS for the current fiscal year.

About Prairie Provident Resources

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.