Prairie Provident Resources (TSE:PPR) Reaches New 52-Week Low – Should You Sell?

Prairie Provident Resources Inc. (TSE:PPR)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as C$0.03 and last traded at C$0.03, with a volume of 21335 shares. The stock had previously closed at C$0.03.

Prairie Provident Resources Price Performance

The business has a fifty day simple moving average of C$0.02 and a 200 day simple moving average of C$0.03. The firm has a market cap of C$35.04 million, a price-to-earnings ratio of -1.25 and a beta of 0.61. The company has a debt-to-equity ratio of 892.89, a current ratio of 0.15 and a quick ratio of 0.28.

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