Prairie Provident Resources (TSE:PPR) Posts Quarterly Earnings Results

Prairie Provident Resources (TSE:PPR) issued its quarterly earnings results on Wednesday. The company reported C($0.14) earnings per share for the quarter, FiscalAI reports. The company had revenue of C$11.67 million during the quarter.

Prairie Provident Resources Stock Down 10.2%

Prairie Provident Resources stock traded down C$0.05 on Wednesday, hitting C$0.44. 2,341 shares of the stock traded hands, compared to its average volume of 8,920. Prairie Provident Resources has a 1 year low of C$0.30 and a 1 year high of C$1.28. The firm has a market cap of C$20.57 million, a P/E ratio of -1.91 and a beta of -0.25. The company has a current ratio of 0.15, a quick ratio of 0.28 and a debt-to-equity ratio of 892.88. The business’s fifty day simple moving average is C$0.42 and its 200 day simple moving average is C$0.45.

About Prairie Provident Resources

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.