Prairie Provident Resources (TSE:PPR) Trading Up 2.9% – Here’s What Happened

Prairie Provident Resources Inc. (TSE:PPRGet Free Report)’s share price shot up 2.9% during mid-day trading on Tuesday . The company traded as high as C$0.35 and last traded at C$0.35. Approximately 505 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 9,635 shares. The stock had previously closed at C$0.34.

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 892.88. The company has a market capitalization of C$16.36 million, a price-to-earnings ratio of -1.52 and a beta of -0.12. The stock’s 50-day simple moving average is C$0.49 and its two-hundred day simple moving average is C$0.50.

Prairie Provident Resources (TSE:PPRGet Free Report) last released its earnings results on Thursday, May 14th. The company reported C($0.06) EPS for the quarter. The firm had revenue of C$9.58 million for the quarter. Equities research analysts predict that Prairie Provident Resources Inc. will post 0.0801527 earnings per share for the current year.

Prairie Provident Resources Company Profile

(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.

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