Prairie Provident Resources (TSE:PPR) Stock Price Down 2.8% – Here’s What Happened

Prairie Provident Resources Inc. (TSE:PPRGet Free Report)’s stock price was down 2.8% on Tuesday . The stock traded as low as C$0.35 and last traded at C$0.35. Approximately 1,291 shares were traded during trading, a decline of 86% from the average daily volume of 9,159 shares. The stock had previously closed at C$0.36.

Prairie Provident Resources Trading Down 1.4%

The company has a market capitalization of C$16.13 million, a price-to-earnings ratio of -1.50 and a beta of -0.12. The company has a debt-to-equity ratio of 892.88, a quick ratio of 0.28 and a current ratio of 0.15. The business’s 50-day simple moving average is C$0.44 and its 200-day simple moving average is C$0.46.

Prairie Provident Resources (TSE:PPRGet Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported C($0.06) EPS for the quarter. The firm had revenue of C$9.58 million for the quarter. On average, research analysts expect that Prairie Provident Resources Inc. will post 0.0801527 earnings per share for the current fiscal year.

Prairie Provident Resources Company Profile

(Get Free Report)

Prairie Provident is a Calgary-based company engaged in the development of oil and natural gas properties in Alberta. The Company’s strategy is to optimize cash flow from its existing assets to fund low-risk development and maintain stable cash flow while limiting its production decline.

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