Reported 2 days ago
This week, Prairie Operating Co. (PROP) experienced a significant decline in its stock price, dropping by 22.54%. This downturn was largely due to broader concerns in the global energy market, including fears of a trade war and economic slowdown, which led to a decrease in oil prices. Additionally, PROP's decision to proceed with a public offering of $200 million at a low share price further pressured the stock. The company aims to use the funds to acquire assets from Bayswater Exploration and expand in the Denver-Julesburg Basin.
Source: YAHOO