Progress Energy Resources Corp : * Canada says not satisfied that the proposed bid by petronas for Progress is likely to be of net benefit to Canada * Canada industry minister says came to this decision after a careful andthorough review of the proposed transaction * Canada industry minister says petronas now has up to 30 days to make anyadditional representations and submit any further undertakings
Progress Energy Resources Corp (Progress) is engaged in the exploration for, and the acquisition, development and production of, oil and natural gas reserves in the provinces of British Columbia and Alberta. Shares of PRQ fell by 0.87% or $-0.19/share to $21.65. In the past year, the shares have traded as low as $9.44 and as high as $22.94. On average, 2286570 shares of PRQ.TO exchange hands on a given day and today's volume is recorded at 9977101.
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