Prairie Provident Resources (TSE:PPR) Stock Price Down 20% – Here’s Why

Prairie Provident Resources Inc. (TSE:PPR) traded down 20% on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02. 107,247 shares were traded during trading, a decline of 27% from the average session volume of 147,796 shares. The stock had previously closed at C$0.03.

Prairie Provident Resources Trading Down 20.0%

The company has a debt-to-equity ratio of 892.89, a quick ratio of 0.28 and a current ratio of 0.15. The stock has a market capitalization of C$28.03 million, a PE ratio of -1.00 and a beta of 0.61. The business’s 50-day moving average is C$0.02 and its two-hundred day moving average is C$0.03.

Prairie Provident Resources (TSE:PPR) last announced its quarterly earnings data 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. As a group, equities research analysts anticipate that Prairie Provident Resources Inc. will post 0.0801527 earnings per share for the current year.

Prairie Provident Resources Company Profile

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.