Prairie Provident Resources (TSE:PPR) Stock Crosses Below 50 Day Moving Average – Time to Sell?

Prairie Provident Resources Inc. (TSE:PPR)’s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$0.04 and traded as low as C$0.03. Prairie Provident Resources shares last traded at C$0.03, with a volume of 14,000 shares.

Prairie Provident Resources Trading Down 14.3 %

The firm’s 50 day simple moving average is C$0.04 and its two-hundred day simple moving average is C$0.04. The stock has a market capitalization of C$27.97 million, a P/E ratio of -0.75 and a beta of 2.52. The company has a quick ratio of 0.28, a current ratio of 0.15 and a debt-to-equity ratio of 892.89.

About Prairie Provident Resources

Prairie Provident Resources Inc is an independent oil and natural gas exploration, development, and production company generating revenue from Oil and natural gas. The company’s operations are primarily focused on the Princess and Michichi areas in Southern Alberta targeting the Ellerslie, Lithic Glauconite and Banff formations, along with an established and proven waterflood project at its Evi property located in the Peace River Arch area of Northern Alberta.