Prairie Operating Co. (NASDAQ:PROP) Major Shareholder Sells $207,808.70 in Stock

Prairie Operating Co. (NASDAQ:PROP) major shareholder James W. Wallis sold 68,134 shares of Prairie Operating stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $3.05, for a total transaction of $207,808.70. Following the sale, the insider now owns 706,211 shares in the company, valued at approximately $2,153,943.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Prairie Operating Stock Down 6.9 %

PROP opened at $9.21 on Friday. Prairie Operating Co. has a twelve month low of $0.32 and a twelve month high of $18.50. The company has a fifty day simple moving average of $9.23 and a 200 day simple moving average of $10.93.

Prairie Operating (NASDAQ:PROP) last posted its quarterly earnings data on Friday, August 9th. The company reported ($0.71) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.38). Equities research analysts forecast that Prairie Operating Co. will post 0.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Prairie Operating

Hedge funds have recently bought and sold shares of the business. Rhumbline Advisers acquired a new position in shares of Prairie Operating in the 2nd quarter valued at approximately $45,000. Warberg Asset Management LLC bought a new stake in shares of Prairie Operating in the second quarter worth $127,000. Finally, Bank of New York Mellon Corp acquired a new stake in Prairie Operating in the second quarter valued at $208,000. Institutional investors and hedge funds own 34.28% of the company’s stock.

About Prairie Operating

Prairie Operating Co, an independent energy company, engages in the development, exploration, and production of oil, natural gas, and natural gas liquids in the United States. The company holds assets in the Denver-Julesburg Basin in Colorado; and the Niobrara and Codell formations. Prairie Operating Co is based in Houston Texas.