Prairie Provident Resources (TSE:PPR) Shares Down 14.3% – Here’s What Happened

Prairie Provident Resources Inc. (TSE:PPR)’s stock price traded down 14.3% during trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03. 105,649 shares were traded during trading, a decline of 13% from the average session volume of 121,468 shares. The stock had previously closed at C$0.04.

Prairie Provident Resources Trading Up 16.7 %

The company’s 50 day simple moving average is C$0.04 and its two-hundred day simple moving average is C$0.04. 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 company has a market capitalization of C$32.63 million, a price-to-earnings ratio of -0.88 and a beta of 2.52.

About Prairie Provident Resources

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.