Prairie Provident Resources (TSE:PPR) Stock Price Down 2.8% – Should You Sell?

Prairie Provident Resources Inc. (TSE:PPRGet Free Report) shares traded down 2.8% during trading on Tuesday . The company traded as low as C$0.35 and last traded at C$0.35. Approximately 1,291 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 9,159 shares. The stock had previously closed at C$0.36.

Prairie Provident Resources Stock Down 2.8%

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 firm’s 50 day moving average price is C$0.44 and its two-hundred day moving average price is C$0.46. The company has a current ratio of 0.15, a quick ratio of 0.28 and a debt-to-equity ratio of 892.88.

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