Shares of Painted Pony Energy Ltd (CVE:PPY) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$3.29 and last traded at C$7.76, with a volume of 0 shares changing hands. The stock had previously closed at C$7.76.

Painted Pony Energy Company Profile (CVE:PPY)

Painted Pony Petroleum Ltd. is engaged in the exploration, development and production of petroleum and natural gas resources. The Company focuses on light oil in southeast Saskatchewan and central Alberta and natural gas in northeast British Columbia. During the year ended December 31, 2011, in Saskatchewan, it drilled 27 horizontal and two vertical wells targeting light oil in the Bakken and Mississippian formations in the Midale, Huntoon, Kisbey and Flat Lake areas.

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