Prairie Provident Resources (TSE:PPR) Trading 40% Higher – What’s Next?

Prairie Provident Resources Inc. (TSE:PPR) shares were up 40% during trading on Monday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 177,550 shares changed hands during mid-day trading, an increase of 49% from the average daily volume of 119,454 shares. The stock had previously closed at C$0.03.

Prairie Provident Resources Trading Up 20.0 %

The firm has a 50-day moving average of C$0.04 and a 200 day moving average of C$0.05. The company has a current ratio of 0.15, a quick ratio of 0.28 and a debt-to-equity ratio of 892.89. The stock has a market capitalization of C$27.97 million, a price-to-earnings ratio of -0.63 and a beta of 2.52.

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.