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

Prairie Provident Resources Inc. (TSE:PPR)’s share price passed 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.

Prairie Provident Resources Stock Up 7.7 %

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

Prairie Provident Resources (TSE:PPR) last announced its quarterly earnings results on Tuesday, April 2nd. The company reported C($0.03) EPS for the quarter. The firm had revenue of C$18.38 million during the quarter. Sell-side analysts expect that Prairie Provident Resources Inc. will post 0.0801527 earnings per share for the current fiscal 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.