Investment analysts at Sidoti assumed coverage on shares of Prospect Global Resources (NASDAQ: PGRX) in a note issued to investors on Monday. The firm set a “buy” rating on the stock.

Shares of Prospect Global Resources traded down 5.60% during mid-day trading on Monday, hitting $1.18. Prospect Global Resources has a one year low of $1.15 and a one year high of $10.50. The stock’s 50-day moving average is currently $1.40. The company’s market cap is $85.7 million.

Prospect Global Resources Inc. (Prospect), formerly Triangle Castings, Inc., is an exploration-stage company engaged in the exploration and mining of natural resources.

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