Prairie Provident Resources (TSE:PPR) Shares Up 14.3%

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Shares of Prairie Provident Resources Inc (TSE:PPR) shot up 14.3% on Thursday . The stock traded as high as C$0.08 and last traded at C$0.08, 332,910 shares changed hands during trading. An increase of 117% from the average session volume of 153,558 shares. The stock had previously closed at C$0.07.

Separately, Cormark cut their price objective on shares of Prairie Provident Resources from C$0.30 to C$0.20 in a report on Friday, August 9th.

The firm has a market capitalization of $11.99 million and a PE ratio of -0.48. The company has a debt-to-equity ratio of 434.99, a quick ratio of 0.39 and a current ratio of 0.74. The company’s fifty day moving average price is C$0.08 and its two-hundred day moving average price is C$0.13.

Prairie Provident Resources Company Profile (TSE:PPR)

Prairie Provident Resources Inc explores for and develops oil and natural gas properties primarily in the Western Canadian Sedimentary Basin in Alberta. It explores for light and medium oil with associated natural gas. The company's principal areas include the Wheatland and Princess properties located in Southern Alberta; and the Evi property located in the Peace River Arch area of Northern Alberta.

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