Why These Energy Stocks are Gaining This Week

4. Prairie Operating Co. (NASDAQ:PROP)

Share Price Gains Between Dec. 22 and Dec. 29: 4.09%

Prairie Operating Co. (NASDAQ:PROP) is an independent energy company engaged in the development and acquisition of proven, producing oil and natural gas resources in the United States.

Prairie Operating Co. (NASDAQ:PROP) shot up recently after an SEC filing revealed that Narrogal Nominees Pty Ltd ATF Gregory K O’Neill Family Trust invested just under $141,000 in the company by purchasing its stock in two separate transactions. The investor bought 33,825 shares of the company on December 19 and 50,000 shares again on December 24, both at $1.68 per share. Following the purchases, the O’Neill Family Trust now owns 15,220,622 shares of PROP’s common stock.

The investment reflected the confidence that a major shareholder has in the future of Prairie Operating Co. (NASDAQ:PROP), leading to increased buying from investors.