Prairie Provident Resources (TSE:PPR) Stock Price Crosses Below 50 Day Moving Average – Should You Sell?

Prairie Provident Resources Inc. (TSE:PPR)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.04 and traded as low as C$0.04. Prairie Provident Resources shares last traded at C$0.04, with a volume of 6,714 shares trading hands.

Prairie Provident Resources Stock Up 16.7 %

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 company has a market capitalization of C$32.63 million, a PE ratio of -0.88 and a beta of 2.52. The company’s fifty day moving average is C$0.04 and its 200-day moving average is C$0.04.

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.