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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.
