Prairie Provident Resources (TSE:PPR) Shares Down 20% – Here’s Why

Prairie Provident Resources Inc. (TSE:PPRGet Free Report)’s share price fell 20% during trading on Thursday . The company traded as low as C$0.04 and last traded at C$0.04. 902,133 shares were traded during trading, an increase of 359% from the average session volume of 196,378 shares. The stock had previously closed at C$0.05.

Prairie Provident Resources Price Performance

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 stock has a 50 day simple moving average of C$0.05 and a two-hundred day simple moving average of C$0.04. The company has a market cap of C$41.96 million, a price-to-earnings ratio of -1.13 and a beta of 2.52.

About Prairie Provident Resources

(Get Free Report)

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.

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