Prairie Provident Resources (TSE:PPR) Shares Cross Below Fifty Day Moving Average – Here’s Why

Prairie Provident Resources Inc. (TSE:PPRGet Free Report)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.37 and traded as low as C$0.30. Prairie Provident Resources shares last traded at C$0.32, with a volume of 4,057 shares traded.

Prairie Provident Resources Price Performance

The business has a 50-day moving average of C$0.37 and a 200 day moving average of C$0.44. The firm has a market capitalization of C$15.66 million, a PE ratio of -1.46 and a beta of -0.49. The company has a current ratio of 0.15, a quick ratio of 0.28 and a debt-to-equity ratio of 892.88.

Prairie Provident Resources (TSE:PPRGet Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported C($0.14) earnings per share for the quarter. The company had revenue of C$11.67 million for the quarter. As a group, research analysts anticipate that Prairie Provident Resources Inc. will post 0.0801527 EPS for the current fiscal year.

Prairie Provident Resources Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Prairie Provident Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prairie Provident Resources and related companies with MarketBeat.com's FREE daily email newsletter.