Prairie Provident Resources Inc. (TSE:PPR – Get Free Report)’s share price shot up 40% during mid-day trading on Monday . The stock traded as high as C$0.04 and last traded at C$0.04. 177,550 shares were traded during mid-day trading, an increase of 49% from the average session volume of 119,454 shares. The stock had previously closed at C$0.03.
Prairie Provident Resources Price Performance
The company has a current ratio of 0.15, a quick ratio of 0.28 and a debt-to-equity ratio of 892.89. The firm has a market cap of C$27.97 million, a P/E ratio of -0.75 and a beta of 2.52. The firm has a 50-day simple moving average of C$0.04 and a 200-day simple moving average of C$0.05.
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.
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