Prairie Provident Resources (TSE:PPR) Stock Falls 3.1% – Time to Sell?

Prairie Provident Resources Inc. (TSE:PPR) shares were down 3.1% on Tuesday. The stock traded as low as C$0.31 and last traded at C$0.31. 1,500 shares were traded during mid-day trading, a decline of 82% from the average session volume of 8,465 shares. The stock had previously closed at C$0.32.

Prairie Provident Resources Stock Down 3.1%

The stock has a fifty day moving average price of C$0.35 and a 200-day moving average price of C$0.42. The firm has a market cap of C$14.50 million, a PE ratio of -1.35 and a beta of -0.35. The company has a debt-to-equity ratio of 892.88, a quick ratio of 0.28 and a current ratio of 0.15.

Prairie Provident Resources (TSE:PPR) last posted 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 for the quarter. Research analysts expect that Prairie Provident Resources Inc. will post 0.08 EPS for the current year.

Prairie Provident Resources Company Profile

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.