Prairie Provident Resources (TSE:PPR) Sets New 1-Year Low – Here’s Why

Prairie Provident Resources Inc. (TSE:PPRGet Free Report)’s share price hit a new 52-week low on Tuesday . The company traded as low as C$0.30 and last traded at C$0.30, with a volume of 16384 shares traded. The stock had previously closed at C$0.31.

Prairie Provident Resources Stock Performance

The firm’s 50 day moving average price is C$0.39 and its 200-day moving average price is C$0.44. The company has a debt-to-equity ratio of 892.88, a quick ratio of 0.28 and a current ratio of 0.15. The firm has a market capitalization of C$14.03 million, a PE ratio of -1.30 and a beta of -0.25.

Prairie Provident Resources (TSE:PPRGet Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported C($0.14) earnings per share for the quarter. The company had revenue of C$11.67 million during the quarter. On average, research analysts expect that Prairie Provident Resources Inc. will post 0.0801527 EPS for the current year.

About Prairie Provident Resources

(Get Free Report)

Prairie Provident is a Calgary-based company engaged in the development of oil and natural gas properties in Alberta. The Company’s strategy is to optimize cash flow from its existing assets to fund low-risk development and maintain stable cash flow while limiting its production decline.

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