Prairie Provident Resources (TSE:PPR) Reaches New 1-Year Low – What’s Next?

Prairie Provident Resources Inc. (TSE:PPR)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.03 and last traded at C$0.03, with a volume of 4500 shares traded. The stock had previously closed at C$0.03.

Prairie Provident Resources Price Performance

The company has a market capitalization of C$27.97 million, a price-to-earnings ratio of -0.63 and a beta of 2.52. The company has a 50-day moving average price of C$0.04 and a 200-day moving average price of C$0.05. The company has a debt-to-equity ratio of 892.89, a quick ratio of 0.28 and a current ratio of 0.15.

Prairie Provident Resources (TSE:PPR) last posted its earnings results on Wednesday, August 14th. The company reported C($0.01) earnings per share (EPS) for the quarter. The firm had revenue of C$9.49 million during the quarter. On average, equities research analysts expect that Prairie Provident Resources Inc. will post 0.0801527 EPS for the current fiscal 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.