Prairie Provident Resources Inc (TSE:PPR) hit a new 52-week low during trading on Thursday . The stock traded as low as C$0.23 and last traded at C$0.23, with a volume of 168174 shares changing hands. The stock had previously closed at C$0.25.

Separately, Industrial Alliance Securities boosted their price target on Prairie Provident Resources from C$0.75 to C$0.90 in a research note on Friday, August 10th.

The company has a current ratio of 0.45, a quick ratio of 0.26 and a debt-to-equity ratio of 189.62.

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About Prairie Provident Resources (TSE:PPR)

Prairie Provident Resources Inc explores for and develops oil and natural gas properties primarily in the Western Canadian Sedimentary Basin in Alberta. It explores for light and medium oil with associated natural gas. The company's principal areas include the Wheatland and Princess properties located in Southern Alberta; and the Evi property located in the Peace River Arch area of Northern Alberta.

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