Yangarra Resources (TSE:YGR) Stock Crosses Below 50-Day Moving Average of $2.73

Shares of Yangarra Resources Ltd. (TSE:YGRGet Rating) crossed below its 50-day moving average during trading on Monday . The stock has a 50-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 changing hands.

Wall Street Analyst Weigh In

YGR has been the subject of a number of research analyst reports. Cormark dropped their price target on Yangarra Resources from C$5.25 to C$4.00 in a research report on Monday, January 9th. Raymond James dropped 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 Stock Down 0.8 %

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 firm has a market cap of C$229.55 million and a PE ratio of 2.37. The firm’s 50 day moving average is C$2.73 and its 200-day moving average is C$2.72.

Yangarra Resources (TSE:YGRGet Rating) last posted its quarterly earnings results on Tuesday, November 1st. The oil and gas exploration company reported C$0.30 earnings per share for the quarter. The company had revenue of C$62.79 million for the quarter. As a group, equities research analysts expect that Yangarra Resources Ltd. will post 0.18 earnings per share for the current fiscal year.

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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