Prairie Provident Resources (TSE:PPR) Shares Down 33.3%

Shares of Prairie Provident Resources Inc (TSE:PPR) traded down 33.3% on Tuesday . The stock traded as low as C$0.01 and last traded at C$0.02, 1,354,960 shares traded hands during trading. An increase of 256% from the average session volume of 380,109 shares. The stock had previously closed at C$0.03.

The company has a fifty day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.03. The company has a quick ratio of 0.33, a current ratio of 1.46 and a debt-to-equity ratio of 892.89. The stock has a market capitalization of $3.43 million and a P/E ratio of -0.04.

Prairie Provident Resources (TSE:PPR) last posted its earnings results on Thursday, May 14th. The company reported C($0.04) earnings per share for the quarter. The business had revenue of C$15.27 million during the quarter. As a group, equities analysts forecast that Prairie Provident Resources Inc will post -0.12 earnings per share for the current year.

About Prairie Provident Resources (TSE:PPR)

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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