Yangarra Resources (TSE:YGR) Shares Pass Below 50-Day Moving Average – Here’s Why

Yangarra Resources Ltd. (TSE:YGR)’s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$1.04 and traded as low as C$1.04. Yangarra Resources shares last traded at C$1.05, with a volume of 17,650 shares.

Yangarra Resources Stock Performance

The firm has a 50 day moving average of C$1.04 and a two-hundred day moving average of C$1.02. The stock has a market cap of C$106.34 million, a PE ratio of 6.18 and a beta of -0.03. The company has a debt-to-equity ratio of 20.78, a current ratio of 1.67 and a quick ratio of 0.91.

Yangarra Resources (TSE:YGR) last announced its quarterly earnings results on Tuesday, October 28th. The oil and gas exploration company reported C$0.02 EPS for the quarter. Yangarra Resources had a net margin of 26.78% and a return on equity of 6.30%. The company had revenue of C$25.00 million for the quarter. Research analysts predict that Yangarra Resources Ltd. will post 0.490566 EPS for the current fiscal year.

About Yangarra Resources

Yangarra Resources Ltd is a junior oil and gas company which is engaged in the exploration, development, and production of natural gas and oil with operations in Western Canada. The company has its operations in Central Alberta. It generates its revenue from the sale of crude oil and natural gas products.