Prairie Provident Resources (TSE:PPR) Shares Pass Below 50-Day Moving Average – Here’s Why

Prairie Provident Resources Inc. (TSE:PPR) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.05 and traded as low as C$0.04. Prairie Provident Resources shares last traded at C$0.04, with a volume of 229,018 shares traded.

Prairie Provident Resources Stock Performance

The firm has a 50 day moving average of C$0.05 and a two-hundred day moving average of C$0.04. 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 stock has a market cap of C$37.29 million, a PE ratio of -1.00 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.