Prairie Provident Resources Inc. (TSE:PPR – Get Free Report)’s share price dropped 20% during trading on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 197,909 shares traded hands during trading, an increase of 34% from the average daily volume of 148,013 shares. The stock had previously closed at C$0.03.
Prairie Provident Resources Stock Performance
The firm has a 50-day moving average of C$0.03 and a two-hundred day moving average of C$0.03. The firm has a market capitalization of C$35.04 million, a P/E ratio of -2.50 and a beta of 0.34. The company has a current ratio of 0.15, a quick ratio of 0.28 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.
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