Prairie Provident Resources (TSE:PPR) Sets New 52-Week High – Here’s Why

Prairie Provident Resources Inc. (TSE:PPR)’s stock price reached a new 52-week high during trading on Tuesday . The stock 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 Stock Up 36.0%

The firm has a market cap of C$1.43 billion, a price-to-earnings ratio of -51.00 and a beta of 0.08. The stock has a 50-day moving average of C$0.02 and a 200-day moving average of C$0.03. The company has a current ratio of 0.15, a quick ratio of 0.28 and a debt-to-equity ratio of 892.89.

Prairie Provident Resources (TSE:PPR) last posted its earnings results on Friday, November 14th. The company reported C$0.00 earnings per share (EPS) for the quarter. The company had revenue of C$8.36 million during the quarter. As a group, sell-side analysts forecast that Prairie Provident Resources Inc. will post 0.0801527 EPS 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.