Prairie Provident Resources (TSE:PPR) Share Price Crosses Below 50-Day Moving Average of $0.07

Prairie Provident Resources Inc. (TSE:PPR)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.07 and traded as low as C$0.07. Prairie Provident Resources shares last traded at C$0.07, with a volume of 74,914 shares changing hands.

Prairie Provident Resources Price Performance

The business’s 50 day moving average price is C$0.07 and its 200-day moving average price is C$0.07. The company has a quick ratio of 0.28, a current ratio of 0.50 and a debt-to-equity ratio of 892.89. The company has a market cap of C$50.13 million, a PE ratio of -1.75 and a beta of 2.75.

Prairie Provident Resources (TSE:PPR) last released its quarterly earnings results on Tuesday, April 2nd. The company reported C($0.03) earnings per share (EPS) for the quarter. The company had revenue of C$18.38 million for the quarter. As a group, analysts forecast that Prairie Provident Resources Inc. will post 0.0801527 earnings per share for the current year.

About Prairie Provident Resources

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.