Prairie Provident Resources (TSE:PPR) Shares Down 2.8% – Should You Sell?

Prairie Provident Resources Inc. (TSE:PPRGet Free Report) shares were down 2.8% on Tuesday . The stock traded as low as C$0.35 and last traded at C$0.35. 1,291 shares were traded during mid-day trading, a decline of 86% from the average session volume of 9,159 shares. The stock had previously closed at C$0.36.

Prairie Provident Resources Trading Down 2.8%

The company has a market cap of C$16.36 million, a price-to-earnings ratio of -1.52 and a beta of -0.12. The company has a current ratio of 0.15, a quick ratio of 0.28 and a debt-to-equity ratio of 892.88. The business’s 50 day moving average price is C$0.44 and its 200-day moving average price is C$0.46.

Prairie Provident Resources (TSE:PPRGet Free Report) last announced its quarterly earnings results on Thursday, May 14th. The company reported C($0.06) EPS for the quarter. The company had revenue of C$9.58 million for the quarter. On average, equities analysts anticipate that Prairie Provident Resources Inc. will post 0.0801527 EPS for the current fiscal year.

About Prairie Provident Resources

(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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