Prairie Provident Resources (TSE:PPR) Stock Price Up 40% – Time to Buy?

Prairie Provident Resources Inc. (TSE:PPR)’s share price was up 40% during mid-day trading on Monday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 177,550 shares traded hands during mid-day trading, an increase of 49% from the average daily volume of 119,454 shares. The stock had previously closed at C$0.03.

Prairie Provident Resources Trading Up 20.0 %

The company has a market cap of C$27.97 million, a P/E ratio of -0.63 and a beta of 2.52. The business has a fifty day simple moving average of C$0.04 and a 200 day simple moving average of C$0.05. The company has a debt-to-equity ratio of 892.89, a quick ratio of 0.28 and a current ratio of 0.15.

Prairie Provident Resources Company Profile

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.