Prairie Provident Resources (TSE:PPR) Sets New 12-Month Low – What’s Next?

Shares of Prairie Provident Resources Inc. (TSE:PPRGet Free Report) reached 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 has a market capitalization of C$14.03 million, a P/E ratio of -1.30 and a beta of -0.25. The company has a debt-to-equity ratio of 892.88, a current ratio of 0.15 and a quick ratio of 0.28. The firm has a 50-day moving average price of C$0.39 and a two-hundred day moving average price of C$0.44.

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

Prairie Provident Resources Company Profile

(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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