Prairie Provident Resources (TSE:PPR) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?

Prairie Provident Resources Inc. (TSE:PPR)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.05 and traded as low as C$0.04. Prairie Provident Resources shares last traded at C$0.04, with a volume of 229,018 shares trading hands.

Prairie Provident Resources Stock Performance

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 firm’s 50-day moving average price is C$0.05 and its two-hundred day moving average price is C$0.04. The firm has a market capitalization of C$37.29 million, a price-to-earnings ratio of -1.00 and a beta of 2.52.

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.