Prairie Provident Resources (TSE:PPR) Releases Quarterly Earnings Results

Prairie Provident Resources (TSE:PPR) posted its earnings results on Wednesday. The company reported C($0.14) EPS for the quarter, FiscalAI reports. The firm had revenue of C$11.67 million during the quarter.

Prairie Provident Resources Stock Down 18.2%

Shares of Prairie Provident Resources stock traded down C$0.08 during trading on Friday, hitting C$0.36. 5,220 shares of the stock traded hands, compared to its average volume of 8,935. Prairie Provident Resources has a 52-week low of C$0.30 and a 52-week high of C$1.28. The company has a current ratio of 0.15, a quick ratio of 0.28 and a debt-to-equity ratio of 892.88. The firm has a market cap of C$16.83 million, a P/E ratio of -1.57 and a beta of -0.25. The stock’s fifty day simple moving average is C$0.42 and its 200 day simple moving average is C$0.45.

About Prairie Provident Resources

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.