Prairie Provident Resources (TSE:PPR) Reaches New 1-Year Low – Here’s Why

Prairie Provident Resources Inc. (TSE:PPR) reached a new 52-week low during trading on Tuesday . The company traded as low as C$0.03 and last traded at C$0.03, with a volume of 9862 shares trading hands. The stock had previously closed at C$0.03.

Prairie Provident Resources Stock Performance

The firm has a market capitalization of C$28.03 million, a PE ratio of -1.00 and a beta of 0.61. 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 company’s fifty day moving average price is C$0.02 and its two-hundred day moving average price is C$0.03.

Prairie Provident Resources (TSE:PPR) last released its earnings results on Friday, November 14th. The company reported C$0.00 earnings per share (EPS) for the quarter. The company had revenue of C$8.36 million during the quarter. As a group, equities analysts expect that Prairie Provident Resources Inc. will post 0.0801527 earnings per share for the current year.

About Prairie Provident Resources

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.