Prairie Provident Resources Inc. (TSE:PPR – Get Free Report)’s stock price was up 25% during mid-day trading on Thursday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 92,546 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 184,394 shares. The stock had previously closed at C$0.04.
Prairie Provident Resources Price Performance
The company has a market capitalization of C$46.62 million, a P/E ratio of -1.25 and a beta of 2.52. The business’s 50-day simple moving average is C$0.05 and its 200 day simple moving average is C$0.04. 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 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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