Prairie Provident Resources (TSE:PPR) Shares Up 14.3%
Prairie Provident Resources Inc (TSE:PPR)’s share price shot up 14.3% during trading on Thursday . The stock traded as high as C$0.08 and last traded at C$0.08, 332,910 shares traded hands during trading. An increase of 117% from the average session volume of 153,558 shares. The stock had previously closed at C$0.07.
Separately, Cormark reduced their target price on Prairie Provident Resources from C$0.30 to C$0.20 in a research note on Friday, August 9th.
The company has a market capitalization of $11.99 million and a PE ratio of -0.48. The company has a debt-to-equity ratio of 434.99, a quick ratio of 0.39 and a current ratio of 0.74. The company has a 50 day moving average price of C$0.08 and a 200 day moving average price of C$0.13.
Prairie Provident Resources Inc explores for and develops oil and natural gas properties primarily in the Western Canadian Sedimentary Basin in Alberta. It explores for light and medium oil with associated natural gas. The company's principal areas include the Wheatland and Princess properties located in Southern Alberta; and the Evi property located in the Peace River Arch area of Northern Alberta.
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