Prairie Provident Resources (TSE:PPR) Hits New 52-Week Low – Time to Sell?

Prairie Provident Resources Inc. (TSE:PPR) shares reached a new 52-week low on Monday . The stock traded as low as C$0.66 and last traded at C$0.59, with a volume of 8166 shares trading hands. The stock had previously closed at C$0.65.

Prairie Provident Resources Price Performance

The stock’s 50-day moving average price is C$0.70 and its 200-day moving average price is C$0.79. The company has a quick ratio of 0.28, a current ratio of 0.15 and a debt-to-equity ratio of 892.89. The company has a market capitalization of C$28.03 million, a price-to-earnings ratio of -1.00 and a beta of 0.08.

Prairie Provident Resources (TSE:PPR) last released its earnings results on Friday, November 14th. The company reported C($0.15) EPS for the quarter. The firm had revenue of C$8.36 million during the quarter. Equities research analysts anticipate that Prairie Provident Resources Inc. will post 0.0801527 earnings per share for the current year.

Prairie Provident Resources Company Profile

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.