Prairie Provident Resources (TSE:PPR) Stock Price Down 27.3%

Prairie Provident Resources Inc. (TSE:PPR) was down 27.3% during mid-day trading on Thursday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 160,354 shares changed hands during trading, an increase of 54% from the average daily volume of 104,283 shares. The stock had previously closed at C$0.06.

Prairie Provident Resources Trading Down 18.2 %

The stock has a market capitalization of C$32.23 million, a P/E ratio of -0.75 and a beta of 2.52. 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 stock’s 50 day moving average price is C$0.04 and its 200-day moving average price is C$0.06.

Prairie Provident Resources (TSE:PPR) last announced its earnings results on Wednesday, August 14th. The company reported C($0.01) earnings per share for the quarter. The business had revenue of C$9.49 million for the quarter. As a group, equities research analysts expect 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 engages in the exploration, development, and production of oil and natural gas properties in Alberta. The company explores for light and medium oil, heavy crude oil, conventional natural gas, and natural gas liquids. It principally focuses on the Princess and Michichi areas targeting the Glauconite, Detrital, Ellerslie, Lower Cretaceous Mannville, and Mississippian Banff formations in southeastern Alberta; and the Evi areas targeting the Devonian Slave Point, Gilwood, and Granite Wash formations situated in the Peace River Arch area of northern Alberta.