Prairie Provident Resources (TSE:PPR) Shares Down 12.5% – What’s Next?

Prairie Provident Resources Inc. (TSE:PPR) traded down 12.5% during trading on Friday . The stock traded as low as C$0.04 and last traded at C$0.04. 427,900 shares were traded during trading, an increase of 114% from the average session volume of 200,076 shares. The stock had previously closed at C$0.04.

Prairie Provident Resources Stock Down 12.5 %

The company’s 50 day moving average price is C$0.05 and its two-hundred day moving average price is C$0.04. 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 cap of C$32.63 million, a P/E ratio of -0.88 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.