Shares of Prairie Provident Resources Inc. (TSE:PPR – Get Free Report) rose 14.3% during mid-day trading on Monday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 410,010 shares changed hands during mid-day trading, an increase of 108% from the average daily volume of 197,459 shares. The stock had previously closed at C$0.04.
Prairie Provident Resources Stock Performance
The company 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$32.63 million, a price-to-earnings ratio of -0.88 and a beta of 2.52. The company has a debt-to-equity ratio of 892.89, a quick ratio of 0.28 and a current ratio of 0.15.
About Prairie Provident Resources
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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