Prairie Provident Got Some Good News

By Ryan Adsit

Yesterday, an analyst has provided a rating update for the Materials sector company, Prairie Provident (TSX: PPR). Analyst Thomas Matthews from AltaCorp Captial rated Prairie Provident (TSX: PPR) a Buy, setting a C$0.85 price target.

Matthews has an average return of 3.2% when recommending Prairie Provident.

According to TipRanks.com, Matthews is ranked #456 out of 4836 analysts.

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Prairie Provident has an analyst consensus of Moderate Buy, with a price target consensus of C$0.85.

The company has a one-year high of C$0.58 and a one-year low of C$0.31. Currently, Prairie Provident has an average volume of 88.6K.

Prairie Provident Resources, Inc. engages in the exploration and development of oil and natural gas properties. It focuses on the Wheatland and Princess in Southern Alberta targeting the Lithic Glauc formation, as well as the early stage waterflood project at Evi in the Peace River Arch.

The company’s shares closed on Tuesday at C$0.47.