Prairie Provident Resources (TSE:PPR) Reaches New 1-Year High – Time to Buy?

Prairie Provident Resources Inc. (TSE:PPR)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$1.28 and last traded at C$0.93, with a volume of 76296 shares trading hands. The stock had previously closed at C$0.75.

Prairie Provident Resources Trading Down 13.3%

The company has a 50-day moving average of C$0.71 and a 200 day moving average of C$0.79. The company has a debt-to-equity ratio of 892.89, a current ratio of 0.15 and a quick ratio of 0.28. The company has a market cap of C$30.37 million, a PE ratio of -1.08 and a beta of 0.08.

Prairie Provident Resources (TSE:PPR) last posted its quarterly earnings data on Friday, November 14th. The company reported C($0.15) earnings per share (EPS) for the quarter. The firm had revenue of C$8.36 million during the quarter. Analysts predict that Prairie Provident Resources Inc. will post 0.0801527 earnings per share for the current year.

About Prairie Provident Resources

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.