Prairie Provident Resources (TSE:PPR) Trading Down 25%

Prairie Provident Resources Inc (TSE:PPR) shares dropped 25% during trading on Friday . The stock traded as low as C$0.02 and last traded at C$0.02, approximately 72,615 shares were traded during mid-day trading. A decline of 80% from the average daily volume of 354,466 shares. The stock had previously closed at C$0.02.

The company has a debt-to-equity ratio of 892.89, a current ratio of 1.46 and a quick ratio of 0.33. The firm has a market capitalization of $2.58 million and a price-to-earnings ratio of -0.03. The firm’s fifty day moving average is C$0.02 and its 200 day moving average is C$0.02.

Prairie Provident Resources (TSE:PPR) last posted its quarterly earnings results on Thursday, May 14th. The company reported C($0.04) EPS for the quarter. The company had revenue of C$15.27 million for the quarter. Equities research analysts forecast that Prairie Provident Resources Inc will post -0.12 EPS for the current fiscal year.

About Prairie Provident Resources (TSE:PPR)

Prairie Provident Resources Inc explores for and develops oil and natural gas properties primarily in the Western Canadian Sedimentary Basin in Alberta. It explores for light and medium oil with associated natural gas. The company's principal areas include the Wheatland and Princess properties located in Southern Alberta; and the Evi property located in the Peace River Arch area of Northern Alberta.

Featured Article: How does quantitative easing work?

Receive News & Ratings for Prairie Provident Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prairie Provident Resources and related companies with MarketBeat.com's FREE daily email newsletter.