Shares of Prairie Provident Resources Inc. (TSE:PPR – Get Free Report) traded down 20% during mid-day trading on Thursday . The stock traded as low as C$0.04 and last traded at C$0.04. 902,133 shares traded hands during mid-day trading, an increase of 359% from the average session volume of 196,378 shares. The stock had previously closed at C$0.05.
Prairie Provident Resources Stock Performance
The company has a 50 day simple moving average of C$0.05 and a 200 day simple moving average of C$0.04. The company has a debt-to-equity ratio of 892.89, a quick ratio of 0.28 and a current ratio of 0.15. The company has a market capitalization of C$41.96 million, a PE ratio of -1.13 and a beta of 2.52.
About Prairie Provident Resources
Prairie Provident Resources Inc engages in the exploration, development, and production of oil and natural gas properties in Alberta. The company explores for light and medium oil, heavy crude oil, conventional natural gas, and natural gas liquids. It principally focuses on the Princess and Michichi areas targeting the Glauconite, Detrital, Ellerslie, Lower Cretaceous Mannville, and Mississippian Banff formations in southeastern Alberta; and the Evi areas targeting the Devonian Slave Point, Gilwood, and Granite Wash formations situated in the Peace River Arch area of northern Alberta.
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