Prairie Provident Resources (TSE:PPR) Shares Down 12.5% – Should You Sell?

Prairie Provident Resources Inc. (TSE:PPR) traded down 12.5% during trading on Monday . The company traded as low as C$0.04 and last traded at C$0.04. 21,444 shares were traded during trading, a decline of 79% from the average session volume of 102,070 shares. The stock had previously closed at C$0.04.

Prairie Provident Resources Stock Performance

The company has a debt-to-equity ratio of 892.89, a quick ratio of 0.28 and a current ratio of 0.15. The firm’s fifty day moving average price is C$0.04 and its 200 day moving average price is C$0.05. The firm has a market cap of C$41.96 million, a P/E ratio of -1.00 and a beta of 2.52.

Prairie Provident Resources (TSE:PPR) last announced its quarterly earnings results on Wednesday, August 14th. The company reported C($0.01) earnings per share (EPS) for the quarter. The firm had revenue of C$9.49 million during the quarter. Sell-side analysts expect that Prairie Provident Resources Inc. will post 0.0801527 EPS for the current fiscal year.

Prairie Provident Resources Company Profile

Prairie Provident Resources Inc engages in the exploration, development, and production of oil and natural gas properties in Alberta. The company explores for light and medium oil, heavy crude oil, conventional natural gas, and natural gas liquids. It principally focuses on the Princess and Michichi areas targeting the Glauconite, Detrital, Ellerslie, Lower Cretaceous Mannville, and Mississippian Banff formations in southeastern Alberta; and the Evi areas targeting the Devonian Slave Point, Gilwood, and Granite Wash formations situated in the Peace River Arch area of northern Alberta.