Yangarra Resources Ltd. (TSE:YGR) Director Frederick Lee Morton Purchases 28,000 Shares

Yangarra Resources Ltd. (TSE:YGRGet Rating) Director Frederick Lee Morton acquired 28,000 shares of the business’s stock in a transaction that occurred on Monday, May 16th. The stock was bought at an average cost of C$3.04 per share, for a total transaction of C$85,120.00. Following the completion of the purchase, the director now owns 294,600 shares of the company’s stock, valued at C$895,584.

YGR stock traded up C$0.10 during mid-day trading on Monday, reaching C$3.06. The company’s stock had a trading volume of 595,091 shares, compared to its average volume of 497,226. The company has a market cap of C$265.83 million and a price-to-earnings ratio of 4.15. The business’s 50 day moving average price is C$2.78 and its 200 day moving average price is C$2.10. The company has a current ratio of 1.30, a quick ratio of 1.13 and a debt-to-equity ratio of 50.28. Yangarra Resources Ltd. has a 12 month low of C$1.03 and a 12 month high of C$3.40.

Yangarra Resources (TSE:YGRGet Rating) last released its quarterly earnings data on Thursday, March 3rd. The oil and gas exploration company reported C$0.22 EPS for the quarter. The firm had revenue of C$47.41 million for the quarter. As a group, equities analysts expect that Yangarra Resources Ltd. will post 0.18 EPS for the current fiscal year.

YGR has been the subject of a number of research analyst reports. Cormark lifted their target price on Yangarra Resources from C$3.50 to C$4.50 and gave the stock a “buy” rating in a report on Monday, March 21st. National Bankshares lowered their target price on Yangarra Resources from C$3.50 to C$2.50 in a report on Thursday, April 14th. Finally, Raymond James set a C$3.25 target price on Yangarra Resources and gave the stock an “outperform” rating in a report on Thursday, April 28th.

About Yangarra Resources (Get Rating)

Yangarra Resources Ltd., a junior oil and gas company, engages in the exploration, development, and production of oil and natural gas properties in Western Canada. As of February 1, 2022, it had proved plus probable reserves of 141.2 million barrels of oil equivalent. The company is headquartered in Calgary, Canada.

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