Prairie Provident Resources Inc (TSE:PPR)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.12 and last traded at C$0.12, with a volume of 112473 shares. The stock had previously closed at C$0.12.
A number of equities analysts have issued reports on the company. Cormark lowered their price target on Prairie Provident Resources from C$0.45 to C$0.40 in a research report on Tuesday, April 23rd. Beacon Securities downgraded Prairie Provident Resources from a “buy” rating to a “speculative buy” rating in a research report on Friday, February 1st.
The stock has a market capitalization of $23.20 million and a PE ratio of -0.45. The company has a debt-to-equity ratio of 214.97, a current ratio of 0.61 and a quick ratio of 0.19.
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.
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