Prairie Provident Resources (TSE:PPR) Releases Earnings Results

Prairie Provident Resources (TSE:PPR) released its earnings results on Tuesday. The company reported C($0.01) earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$7.67 million during the quarter.

Prairie Provident Resources Trading Down 2.8%

PPR traded down C$0.01 on Tuesday, reaching C$0.35. 7,937 shares of the company traded hands, compared to its average volume of 12,651. The firm has a fifty day simple moving average of C$0.44 and a two-hundred day simple moving average of C$0.62. The company has a quick ratio of 0.28, a current ratio of 0.15 and a debt-to-equity ratio of 892.89. Prairie Provident Resources has a one year low of C$0.30 and a one year high of C$1.28. The company has a market cap of C$16.35 million, a P/E ratio of -0.58 and a beta of -0.27.

Prairie Provident Resources Company Profile

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.