Prairie Operating stock hits 52-week low at $4.75 amid market challenges

In a challenging market environment, Prairie Operating (PROP) stock has touched a 52-week low, with shares plummeting to $4.75. According to InvestingPro data, the company’s financial health score is rated as WEAK, with concerning metrics including a current ratio of 0.29. The energy sector has faced significant headwinds, and Prairie Operating has not been immune to the adverse conditions that have led to a steep decline in its stock value. Over the past year, the company’s shares have experienced a precipitous drop, with a 1-year total return of -45.28%. With negative EBITDA of -$30.48M and concerning cash burn rates, investors are closely monitoring the company’s performance and industry trends to gauge the potential for recovery or further decline. InvestingPro subscribers have access to 8 additional key insights about PROP’s financial health and future prospects.

In other recent news, Prairie Operating Co. has completed the acquisition of oil and gas properties from Bayswater Resources and its affiliates, according to an 8-K filing with the SEC. This acquisition includes audited financial statements and unaudited pro forma financial information for 2024, providing investors with insights into the company’s performance with the new assets. Prairie Operating Co. also filed a report from Cawley, Gillespie & Associates, Inc., detailing pro forma estimated reserves as of December 31, 2024. Additionally, Prairie Operating Co. has amended its Purchase and Sale Agreement with Bayswater entities, extending the termination date to March 20, 2025. The equity consideration for Bayswater Exploration and Production, LLC is set at $16.0 million, with a cap on shares to be issued. This extension indicates ongoing negotiations and commitment to finalizing the transaction. These developments are part of Prairie Operating Co.’s strategy to strengthen its position in the energy sector. Investors can access the full terms of the PSA Amendment in the SEC filings.

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