Prairie Provident Resources (TSE:PPR) Sets New 52-Week Low – Here’s Why

Prairie Provident Resources Inc. (TSE:PPR)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 55694 shares traded. The stock had previously closed at C$0.03.

Prairie Provident Resources Stock 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 firm has a 50-day simple moving average of C$0.02 and a 200 day simple moving average of C$0.03. The company has a market cap of C$35.04 million, a price-to-earnings ratio of -1.25 and a beta of 0.08.

Prairie Provident Resources (TSE:PPR) last announced its earnings results on Friday, November 14th. The company reported C$0.00 earnings per share (EPS) for the quarter. The business had revenue of C$8.36 million for the quarter. On average, sell-side analysts predict that Prairie Provident Resources Inc. will post 0.0801527 earnings per share for the current fiscal 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.