Prairie Provident Resources (TSE:PPR) Stock Price Down 3.1% – Should You Sell?

Shares of Prairie Provident Resources Inc. (TSE:PPR – Get Free Report) were down 3.1% on Tuesday. The company traded as low as C$0.31 and last traded at C$0.31. Approximately 1,500 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 8,465 shares. The stock had previously closed at C$0.32.

Prairie Provident Resources Price Performance

The stock has a market cap of C$14.50 million, a PE ratio of -1.35 and a beta of -0.35. The company has a debt-to-equity ratio of 892.88, a quick ratio of 0.28 and a current ratio of 0.15. The company’s 50-day moving average price is C$0.35 and its 200 day moving average price is C$0.42.

Prairie Provident Resources (TSE:PPR – Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported C($0.14) earnings per share for the quarter. The firm had revenue of C$11.67 million for the quarter. As a group, analysts forecast that Prairie Provident Resources Inc. will post 0.08 EPS for the current fiscal year.

About Prairie Provident Resources

(Get Free Report)

Prairie Provident is a Calgary-based company engaged in the development of oil and natural gas properties in Alberta. The Company’s strategy is to optimize cash flow from its existing assets to fund low-risk development and maintain stable cash flow while limiting its production decline.

Further Reading

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