Prairie Provident Resources (TSE:PPR) Trading Down 4% – Here’s Why

by · The Markets Daily

Shares of Prairie Provident Resources Inc. (TSE:PPR – Get Free Report) dropped 4% during trading on Wednesday . The stock traded as low as C$0.48 and last traded at C$0.48. Approximately 714 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 10,140 shares. The stock had previously closed at C$0.50.

Prairie Provident Resources Trading Down 4.0%

The firm has a market cap of C$22.44 million, a P/E ratio of -2.09 and a beta of -0.24. The company has a quick ratio of 0.28, a current ratio of 0.15 and a debt-to-equity ratio of 892.89. The firm’s 50-day simple moving average is C$0.50 and its 200 day simple moving average is C$0.54.

Prairie Provident Resources (TSE:PPR – Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported C($0.06) EPS for the quarter. The business had revenue of C$9.58 million for the quarter. As a group, analysts expect that Prairie Provident Resources Inc. will post 0.0801527 earnings per share 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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