Prairie Provident Resources (TSE:PPR) Hits New 12-Month Low – Here’s Why

Prairie Provident Resources Inc. (TSE:PPRGet Free Report)’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 42050 shares changing hands. The stock had previously closed at C$0.02.

Prairie Provident Resources Stock Up 25.0%

The stock has a market cap of C$35.04 million, a P/E ratio of -2.50 and a beta of 0.34. 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 firm’s fifty day moving average is C$0.03 and its 200 day moving average is C$0.03.

About Prairie Provident Resources

(Get Free Report)

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.

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