Yorkton Equity Group (CVE:YEG) Trading Down 15% – Here’s Why

Yorkton Equity Group Inc. (CVE:YEG)’s share price traded down 15% during mid-day trading on Saturday . The company traded as low as C$0.12 and last traded at C$0.17. 118,092 shares were traded during mid-day trading, an increase of 820% from the average session volume of 12,837 shares. The stock had previously closed at C$0.20.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.37 target price on shares of Yorkton Equity Group and gave the stock a “buy” rating in a research note on Tuesday, June 24th.

Yorkton Equity Group Stock Performance

The firm’s 50 day moving average is C$0.20 and its two-hundred day moving average is C$0.20. The stock has a market capitalization of C$19.16 million, a PE ratio of 4.25 and a beta of 1.19. The company has a debt-to-equity ratio of 384.03, a quick ratio of 0.84 and a current ratio of 0.37.

About Yorkton Equity Group

Yorkton Equity Group Inc operates as a real estate investment company in Canada. It owns a portfolio of multi-family residential rental properties comprising residential units and commercial unit in Alberta and British Columbia. The company is based in Edmonton, Canada.