Prairie Provident Resources (TSE:PPR) Sets New 52-Week Low – Here’s What Happened

Prairie Provident Resources Inc. (TSE:PPRGet Free Report) shares reached a new 52-week low during trading on Monday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 50000 shares changing hands. The stock had previously closed at C$0.03.

Prairie Provident Resources Trading Down 20.0%

The stock has a 50-day moving average price of C$0.03 and a two-hundred day moving average price of C$0.03. The stock has a market capitalization of C$28.03 million, a P/E ratio of -2.00 and a beta of 0.86. The company has a debt-to-equity ratio of 892.89, a quick ratio of 0.28 and a current ratio of 0.15.

About Prairie Provident Resources

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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.

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