Prairie Provident Resources (TSE:PPR) Shares Down 12.5% – What’s Next?

Prairie Provident Resources Inc. (TSE:PPR)’s stock price traded down 12.5% during trading on Monday . The company traded as low as C$0.04 and last traded at C$0.04. 21,444 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 102,070 shares. The stock had previously closed at C$0.04.

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 company has a fifty day moving average of C$0.04 and a two-hundred day moving average of C$0.05. The stock has a market capitalization of C$32.63 million, a P/E ratio of -1.00 and a beta of 2.52.

Prairie Provident Resources (TSE:PPR) last posted its quarterly earnings results on Wednesday, August 14th. The company reported C($0.01) earnings per share (EPS) for the quarter. The company had revenue of C$9.49 million during the quarter. On average, equities analysts anticipate that Prairie Provident Resources Inc. will post 0.0801527 EPS for the current year.

Prairie Provident Resources Company Profile

Prairie Provident Resources Inc engages in the exploration, development, and production of oil and natural gas properties in Alberta. The company explores for light and medium oil, heavy crude oil, conventional natural gas, and natural gas liquids. It principally focuses on the Princess and Michichi areas targeting the Glauconite, Detrital, Ellerslie, Lower Cretaceous Mannville, and Mississippian Banff formations in southeastern Alberta; and the Evi areas targeting the Devonian Slave Point, Gilwood, and Granite Wash formations situated in the Peace River Arch area of northern Alberta.