Prairie Provident Resources (TSE:PPR) Trading 12.5% Higher – Still a Buy?

Prairie Provident Resources Inc. (TSE:PPR)’s stock price traded up 12.5% on Thursday . The company traded as high as C$0.05 and last traded at C$0.05. 150,175 shares were traded during mid-day trading, an increase of 47% from the average session volume of 101,865 shares. The stock had previously closed at C$0.04.

Prairie Provident Resources Price Performance

The firm has a market capitalization of C$41.96 million, a price-to-earnings ratio of -1.13 and a beta of 2.52. The business’s 50-day moving average is C$0.04 and its two-hundred day moving average is C$0.05. The company has a debt-to-equity ratio of 892.89, a quick ratio of 0.28 and a current ratio of 0.15.

Prairie Provident Resources (TSE:PPR) last posted its 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 earnings per share for the current year.

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.