Yangarra Resources (TSE:YGR) Shares Pass Above 50-Day Moving Average of $1.79

Shares of Yangarra Resources Ltd. (TSE:YGR) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$1.79 and traded as high as C$1.86. Yangarra Resources shares last traded at C$1.84, with a volume of 18,600 shares traded.

Analyst Ratings Changes

Separately, Raymond James cut their target price on shares of Yangarra Resources from C$3.00 to C$2.75 in a research note on Friday, July 14th.

Yangarra Resources Price Performance

The company has a market capitalization of C$174.43 million, a PE ratio of 1.66 and a beta of 2.56. The company has a debt-to-equity ratio of 26.46, a current ratio of 1.09 and a quick ratio of 0.91. The company’s 50 day simple moving average is C$1.79 and its 200 day simple moving average is C$1.84.

Yangarra Resources (TSE:YGR) last announced its quarterly earnings results on Thursday, July 27th. The oil and gas exploration company reported C$0.08 EPS for the quarter. The company had revenue of C$38.40 million for the quarter. Yangarra Resources had a net margin of 39.67% and a return on equity of 16.27%. As a group, sell-side analysts predict that Yangarra Resources Ltd. will post 0.5 earnings per share for the current year.

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. The company focuses on the Cardium in Central Alberta. It also focuses on the Western Canadian Sedimentary basin. The company is headquartered in Calgary, Canada.