Prairie Provident Resources (TSE:PPR) Shares Down 3.1% – What’s Next?

Prairie Provident Resources Inc. (TSE:PPR) shares dropped 3.1% during trading on Tuesday. The company traded as low as C$0.31 and last traded at C$0.31. Approximately 1,500 shares traded hands during trading, a decline of 82% from the average daily volume of 8,465 shares. The stock had previously closed at C$0.32.

Prairie Provident Resources Price Performance

The company has a 50-day moving average price of C$0.35 and a two-hundred day moving average price of C$0.42. The company has a debt-to-equity ratio of 892.88, a current ratio of 0.15 and a quick ratio of 0.28. The company has a market cap of C$14.50 million, a PE ratio of -1.35 and a beta of -0.35.

Prairie Provident Resources (TSE:PPR) last posted its earnings results on Wednesday, August 12th. The company reported C($0.14) earnings per share (EPS) for the quarter. The firm had revenue of C$11.67 million during the quarter. Sell-side analysts expect that Prairie Provident Resources Inc. will post 0.08 earnings per share for the current fiscal year.

Prairie Provident Resources Company Profile

Prairie Provident is a Calgary-based company engaged in the development of oil and natural gas properties in Alberta. The Company’s strategy is to optimize cash flow from its existing assets to fund low-risk development and maintain stable cash flow while limiting its production decline.