Last $0.24 USD
Change Today 0.00 / 0.00%
Volume 130.0
PGRX On Other Exchanges
Symbol
Exchange
OTC US
As of 9:31 AM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

prospect global resources in (PGRX) Snapshot

Open
$0.24
Previous Close
$0.24
Day High
$0.24
Day Low
$0.24
52 Week High
09/10/13 - $5.87
52 Week Low
05/16/14 - $0.16
Market Cap
1.2M
Average Volume 10 Days
2.5K
EPS TTM
$-21.54
Shares Outstanding
5.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for PROSPECT GLOBAL RESOURCES IN (PGRX)

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prospect global resources in (PGRX) Details

Prospect Global Resources, Inc., a development stage company, engages in the exploration, development, and mining of natural resources and related fertilizer materials and products in the United States. It has interests in the Holbrook potash project that consists of permits and leases on 147 mineral estate sections covering approximately 90,000 acres in the Holbrook Basin of eastern Arizona. The company is based in Denver, Colorado.

12 Employees
Last Reported Date: 04/8/14

prospect global resources in (PGRX) Top Compensated Officers

Chief Executive Officer, President and Chief ...
Total Annual Compensation: $251.5K
Co-Founder and Executive Vice Chairman
Total Annual Compensation: $615.0K
Principal Accounting Officer, Senior Vice Pre...
Total Annual Compensation: $495.0K
Secretary
Total Annual Compensation: $134.7K
Compensation as of Fiscal Year 2013.

prospect global resources in (PGRX) Key Developments

Prospect Global Resources, Inc. Announces Debt Default

The Karlsson Group has informed Prospect Global Resources, Inc. that it will not extend the date by which the company may prepay the approximately $154.8 million, the company owe under the company's senior secured debt to the Karlsson Group for $15 million beyond May 23, 2014. Consequently, on May 24, 2014 the company became in default under the full amount of the company's obligations under the Karlsson Debt, entitling Karlsson to accelerate these obligations and foreclose on substantially all of its assets. The company is in default of a covenant to deliver a completed and updated 43-101 final resource report for purposes of the company's definitive feasibility study and to make a tax gross-up payment. Upon acceleration of the Karlsson debt or the pursuit of certain other remedies by Karlsson the holders of the company's $7.5 aggregate principal amount of senior unsecured debt will be entitled to accelerate that debt.

Prospect Global Resources, Inc. Announces Executive Changes Effective April 28, 2014

On April 28, 2014, Damon G. Barber resigned as president and chief executive officer effective that day. Also on April 28, 2014 the company appointed Gregory M. Dangler, chief financial officer, as president and chief executive officer effective April 28, 2014. Mr. Dangler, age 32, has a broad background in private equity investing, development of large-scale technical infrastructure projects, and the financing and management of international growth companies. Mr. Dangler served as vice president of finance from March 2012 until March 2013 when he became interim chief financial officer. Prior to that, Mr. Dangler was an associate with ITU Ventures.

Prospect Global Resources, Inc.(OTCPK:PGRX) dropped from NASDAQ Composite Index

Prospect Global Resources, Inc. will be removed from the NASDAQ Composite Index.

 

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