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

Shares of Prairie Provident Resources Inc. (TSE:PPR) hit a new 52-week low on Tuesday . The company traded as low as C$0.03 and last traded at C$0.04, with a volume of 25333 shares changing hands. The stock had previously closed at C$0.03.

Prairie Provident Resources Stock Performance

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 cap of C$37.29 million, a P/E ratio of -1.00 and a beta of 2.52. The company has a 50 day moving average price of C$0.04 and a 200-day moving average price of C$0.05.

Prairie Provident Resources (TSE:PPR) last issued its earnings results on Wednesday, August 14th. The company reported C($0.01) EPS for the quarter. The business had revenue of C$9.49 million during the quarter. On average, equities analysts expect 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 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.