Prairie Provident Resources (TSE:PPR) Hits New 52-Week Low – Should You Sell?

Shares of Prairie Provident Resources Inc. (TSE:PPR) hit a new 52-week low on Monday . The stock traded as low as C$0.03 and last traded at C$0.03, with a volume of 84633 shares. The stock had previously closed at C$0.03.

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 company has a 50 day moving average of C$0.04 and a two-hundred day moving average of C$0.05. The company has a market capitalization of C$23.31 million, a PE ratio of -0.75 and a beta of 2.52.

Prairie Provident Resources (TSE:PPR) last released its earnings results on Wednesday, August 14th. The company reported C($0.01) EPS for the quarter. The business had revenue of C$9.49 million during the quarter. As a group, equities research analysts predict that Prairie Provident Resources Inc. will post 0.0801527 earnings per share for the current year.

Prairie Provident Resources Company Profile

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.