Prairie Provident Resources (TSE:PPR) Shares Up 25% – Here’s What Happened

Prairie Provident Resources Inc. (TSE:PPR)’s stock price was up 25% on Thursday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 1,240,769 shares changed hands during trading, an increase of 761% from the average daily volume of 144,097 shares. The stock had previously closed at C$0.02.

Prairie Provident Resources Price Performance

The company has a quick ratio of 0.28, a current ratio of 0.15 and a debt-to-equity ratio of 892.89. The firm’s fifty day moving average price is C$0.02 and its 200-day moving average price is C$0.03. The stock has a market cap of C$35.04 million, a P/E ratio of -1.25 and a beta of 0.34.

Prairie Provident Resources (TSE:PPR) last posted its quarterly earnings results on Friday, November 14th. The company reported C$0.00 EPS for the quarter. The firm had revenue of C$8.36 million for the quarter. Analysts forecast that Prairie Provident Resources Inc. will post 0.0801527 earnings per share for the current year.

About Prairie Provident Resources

Prairie Provident Resources Inc is an independent oil and natural gas exploration, development, and production company generating revenue from Oil and natural gas. The company’s operations are primarily focused on the Princess and Michichi areas in Southern Alberta targeting the Ellerslie, Lithic Glauconite and Banff formations, along with an established and proven waterflood project at its Evi property located in the Peace River Arch area of Northern Alberta.