Prairie Provident Resources Inc (TSE:PPR) had its price objective lowered by equities research analysts at Pi Financial from C$1.80 to C$1.50 in a note issued to investors on Thursday. Pi Financial’s target price suggests a potential upside of 74.42% from the company’s previous close.

Prairie Provident Resources (TSE:PPR) opened at 0.86 on Thursday. The firm’s market capitalization is $107.48 million. Prairie Provident Resources has a one year low of $0.67 and a one year high of $1.35. The stock’s 50 day moving average price is $0.85 and its 200-day moving average price is $0.87.

About Prairie Provident Resources

Prairie Provident Resources Inc is a Canada-based company engaged in the exploration and development of oil and natural gas properties in Alberta, Canada. The Company’s strategy is to grow organically in combination with acquisitions of conventional oil prospects, which can be developed. Prairie Provident Resources Inc’s operations are primarily focused at Wheatland and Princess in Southern Alberta targeting the Lithic Glauc formation and consisting of approximately 79,000 net acres , along with an early stage waterflood project at Evi in the Peace River Arch area of Northern Alberta, consisting of approximately 31,550 net acres.

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