AltaCorp Capital reissued their speculative rating on shares of Prairie Provident Resources Inc (TSE:PPR) in a report issued on Wednesday morning.

Shares of Prairie Provident Resources (TSE:PPR) opened at 0.43 on Wednesday. The stock has a 50 day moving average price of $0.46 and a 200-day moving average price of $0.57. The company’s market capitalization is $49.83 million. Prairie Provident Resources has a one year low of $0.41 and a one year high of $1.35.

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In related news, insider Winkoop Anthony Robert Van acquired 100,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were bought at an average price of C$0.54 per share, with a total value of C$54,000.00.

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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