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 Wednesday . The company traded as low as C$0.45 and last traded at C$0.45, with a volume of 18563 shares. The stock had previously closed at C$0.46.

Prairie Provident Resources Stock Down 7.7%

The firm’s fifty day simple moving average is C$0.67 and its two-hundred day simple moving average is C$0.75. The company has a current ratio of 0.15, a quick ratio of 0.28 and a debt-to-equity ratio of 892.89. The company has a market capitalization of C$19.62 million, a price-to-earnings ratio of -0.70 and a beta of -0.41.

Prairie Provident Resources (TSE:PPR) last announced its quarterly earnings results on Friday, November 14th. The company reported C($0.15) earnings per share for the quarter. The business had revenue of C$8.36 million for the quarter. Sell-side analysts anticipate that Prairie Provident Resources Inc. will post 0.0801527 EPS 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.