Prairie Provident Resources (TSE:PPR) Sets New 12-Month Low – Should You Sell?

Prairie Provident Resources Inc. (TSE:PPRGet Free Report)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as C$0.30 and last traded at C$0.30, with a volume of 16384 shares changing hands. The stock had previously closed at C$0.31.

Prairie Provident Resources Stock Performance

The company has a quick ratio of 0.28, a current ratio of 0.15 and a debt-to-equity ratio of 892.88. 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. The firm has a market cap of C$14.03 million, a PE ratio of -1.30 and a beta of -0.25.

Prairie Provident Resources (TSE:PPRGet Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C($0.14) EPS for the quarter. The company had revenue of C$11.67 million during the quarter. Research 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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