Prairie Provident Resources ( (TSE:PPR) ) has provided an announcement.
Prairie Provident Resources Inc. has successfully closed the final tranche of its equity financing, raising a total of $8.67 million. The proceeds will be used to drill two additional Basal Quartz horizontal wells and for general corporate purposes. This financing effort, led by Research Capital Corporation and Haywood Securities Inc., involved significant insider participation and aims to bolster the company’s operational capabilities and market positioning. The company also announced progress in its Basal Quartz operations, with the completion of drilling activities and the commencement of completion operations expected soon.
More about Prairie Provident Resources
Prairie Provident Resources Inc. is a company operating in the energy sector, primarily focused on oil and gas exploration and production. The company is involved in developing and producing oil and natural gas reserves, with a market focus on Canadian resources.
YTD Price Performance: -27.50%
Average Trading Volume: 30,161
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $37.35M
For detailed information about PPR stock, go to TipRanks’ Stock Analysis page.