Prairie Provident Resources (TSE:PPR) Sets New 52-Week Low – Time to Sell?

Prairie Provident Resources Inc. (TSE:PPR) shares reached a new 52-week low on Monday . The stock traded as low as C$0.03 and last traded at C$0.03, with a volume of 28524 shares. The stock had previously closed at C$0.02.

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 892.89. The stock has a market capitalization of C$35.04 million, a price-to-earnings ratio of -1.25 and a beta of 0.61. The business’s 50 day simple moving average is C$0.02 and its 200-day simple moving average is C$0.03.

Prairie Provident Resources (TSE:PPR) last issued its quarterly earnings results on Friday, November 14th. The company reported C$0.00 earnings per share for the quarter. The firm had revenue of C$8.36 million for the quarter. On average, research analysts forecast that Prairie Provident Resources Inc. will post 0.0801527 earnings per share for the current year.

Prairie Provident Resources Company Profile

Prairie Provident Resources Inc is an independent oil and natural gas exploration, development, and production company generating revenue from Oil and natural gas. The company’s operations are primarily focused on the Princess and Michichi areas in Southern Alberta targeting the Ellerslie, Lithic Glauconite and Banff formations, along with an established and proven waterflood project at its Evi property located in the Peace River Arch area of Northern Alberta.