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

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

Prairie Provident Resources Price Performance

The firm has a 50 day moving average of C$0.04 and a 200-day moving average of C$0.05. The company has a market cap of C$23.31 million, a P/E ratio of -0.75 and a beta of 2.52. 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 (TSE:PPR) last announced its earnings results on Wednesday, August 14th. The company reported C($0.01) EPS for the quarter. The firm had revenue of C$9.49 million during the quarter. On average, equities research analysts predict that Prairie Provident Resources Inc. will post 0.0801527 EPS 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.