Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
An announcement from Prairie Provident Resources ( (TSE:PPR) ) is now available.
Prairie Provident Resources Inc. has closed the first tranche of its private placement, securing $4.8 million to advance its Basal Quartz horizontal drilling program. This financing is part of a larger $9.1 million equity offering and will support the drilling of additional wells, enhancing the company’s growth potential in the Western Canadian Sedimentary Basin.
More about Prairie Provident Resources
Prairie Provident Resources Inc. operates in the energy sector, focusing on oil and gas exploration and production. The company is known for its Basal Quartz play in the Michichi area, which serves as a crucial growth driver due to its extensive drilling inventory and robust well economics.
YTD Price Performance: -32.50%
Average Trading Volume: 28,048
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $42.04M
Learn more about PPR stock on TipRanks’ Stock Analysis page.