Prairie Provident Resources (TSE:PPR) Posts Earnings Results

Prairie Provident Resources (TSE:PPR) announced its quarterly earnings data on Tuesday. The company reported C($0.01) EPS for the quarter, FiscalAI reports. The company had revenue of C$7.67 million for the quarter.

Prairie Provident Resources Stock Performance

PPR traded up C$0.10 on Thursday, reaching C$0.50. The stock had a trading volume of 4,178 shares, compared to its average volume of 12,294. The business’s 50-day moving average price is C$0.44 and its two-hundred day moving average price is C$0.62. The company has a market cap of C$23.13 million, a P/E ratio of -0.83 and a beta of -0.27. Prairie Provident Resources has a 12-month low of C$0.30 and a 12-month high of C$1.28. 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 is a Calgary-based company engaged in the development of oil and natural gas properties in Alberta. The Company’s strategy is to optimize cash flow from its existing assets to fund low-risk development and maintain stable cash flow while limiting its production decline.