Prairie Provident Resources (TSE:PPR) Stock Price Down 20% – Should You Sell?

Prairie Provident Resources Inc. (TSE:PPRGet Free Report) fell 20% during mid-day trading on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02. 197,909 shares were traded during mid-day trading, an increase of 34% from the average session volume of 148,013 shares. The stock had previously closed at C$0.03.

Prairie Provident Resources Price Performance

The company’s 50 day moving average price is C$0.03 and its 200-day moving average price is C$0.03. The stock has a market cap of C$35.04 million, a P/E ratio of -2.50 and a beta of 0.34. 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 Company Profile

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Prairie Provident Resources Inc is an independent oil and natural gas exploration, development, and production company generating revenue from Oil and natural gas. The company’s operations are primarily focused on the Princess and Michichi areas in Southern Alberta targeting the Ellerslie, Lithic Glauconite and Banff formations, along with an established and proven waterflood project at its Evi property located in the Peace River Arch area of Northern Alberta.

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