Prairie Provident Resources (TSE:PPR) Sets New 12-Month Low – Should You Sell?

Shares of Prairie Provident Resources Inc. (TSE:PPR) hit a new 52-week low during trading on Tuesday . The company traded as low as C$0.03 and last traded at C$0.03, with a volume of 4500 shares changing hands. The stock had previously closed at C$0.03.

Prairie Provident Resources Stock Performance

The business has a 50-day simple moving average of C$0.04 and a 200 day simple moving average of C$0.05. 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 firm has a market cap of C$27.97 million, a PE ratio of -0.63 and a beta of 2.52.

Prairie Provident Resources (TSE:PPR) last released its earnings results on Wednesday, August 14th. The company reported C($0.01) EPS for the quarter. The business had revenue of C$9.49 million for the quarter. Equities research analysts forecast that Prairie Provident Resources Inc. will post 0.0801527 EPS for the current year.

About Prairie Provident Resources

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.