Prairie Provident Resources (TSE:PPR) Stock Price Down 20% – Here’s What Happened

Prairie Provident Resources Inc. (TSE:PPR)’s stock price was down 20% during mid-day trading on Thursday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 107,247 shares traded hands during trading, a decline of 27% from the average daily volume of 147,796 shares. 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 current ratio of 0.15 and a quick ratio of 0.28. The company has a fifty day moving average of C$0.02 and a 200-day moving average of C$0.03.

Prairie Provident Resources (TSE:PPR) last issued its quarterly earnings data on Friday, November 14th. The company reported C$0.00 earnings per share (EPS) for the quarter. The business had revenue of C$8.36 million during the quarter. On average, sell-side analysts anticipate that Prairie Provident Resources Inc. will post 0.0801527 earnings per share for the current fiscal 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.