Yangarra Resources Ltd. (TSE:YGR – Get Rating)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$2.73 and traded as low as C$2.59. Yangarra Resources shares last traded at C$2.61, with a volume of 121,445 shares traded.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on YGR shares. Cormark lowered their price objective on Yangarra Resources from C$5.25 to C$4.00 in a research report on Monday, January 9th. Raymond James lowered their price objective on Yangarra Resources from C$4.00 to C$3.50 and set an “outperform” rating for the company in a research report on Monday, January 16th.
Yangarra Resources Price Performance
The stock has a fifty day moving average of C$2.73 and a 200-day moving average of C$2.72. The company has a quick ratio of 0.91, a current ratio of 1.11 and a debt-to-equity ratio of 35.13. The stock has a market capitalization of C$229.55 million and a price-to-earnings ratio of 2.37.
Yangarra Resources Company Profile
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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