Prairie Provident Resources (TSE:PPR) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

Prairie Provident Resources Inc. (TSE:PPRGet Free Report)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.05 and traded as low as C$0.05. Prairie Provident Resources shares last traded at C$0.05, with a volume of 397,539 shares traded.

Prairie Provident Resources Stock Down 9.1 %

The business has a 50 day moving average of C$0.05 and a 200-day moving average of C$0.04. The stock has a market cap of C$46.62 million, a PE ratio of -1.25 and a beta of 2.52. 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 Company Profile

(Get Free Report)

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.

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