Prairie Provident Resources (TSE:PPR) Trading 25% Higher – Here’s Why

Prairie Provident Resources Inc. (TSE:PPR) rose 25% on Thursday . The stock traded as high as C$0.03 and last traded at C$0.03. Approximately 1,240,769 shares changed hands during trading, an increase of 761% from the average daily volume of 144,097 shares. The stock had previously closed at C$0.02.

Prairie Provident Resources Stock Performance

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 firm has a fifty day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.03. The firm has a market capitalization of C$42.05 million, a P/E ratio of -1.50 and a beta of 0.61.

Prairie Provident Resources (TSE:PPR) last issued its quarterly earnings results on Friday, November 14th. The company reported C$0.00 EPS for the quarter. The firm had revenue of C$8.36 million for the quarter. On average, equities research analysts anticipate that Prairie Provident Resources Inc. will post 0.0801527 earnings per share for the current fiscal year.

Prairie Provident Resources Company Profile

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.