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Prairie Operating Co saw a significant downturn over the past five days, as it dropped by 1.36 USD, or 15.98%, to close at 7.15 USD on February 7 at 5:20 PM GMT-5. The stock was declining this week after the company made an announcement regarding the public offering of $200M through common stocks.
The latest trading session saw Prairie Operating Co open at 7.23 USD. However, the stock reached a session high of 7.64 USD, signalling resistance. Selling pressure pushed the stock down to an intraday low of 6.06 USD, signaling heightened volatility.
During the after-hours trading the downward trend persisted, with the stock declining by 0.27 USD, or 3.78%, to 6.88 USD. The company’s market capitalization is placed at 16.39Cr, indicating its valuation in the energy sector. Key levels to watch include 7.64 USD as a resistance point, where upward momentum stalled, and 6.06 USD, which acted as a crucial support level.
Disclaimer: This article id for informational purposes only and does not constitute any financial advice.