Yangarra Resources (TSE:YGR) Sets New 1-Year Low at $2.17

Yangarra Resources Ltd (TSE:YGR) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as C$2.17 and last traded at C$2.18, with a volume of 89882 shares. The stock had previously closed at C$2.24.

Several research firms have recently commented on YGR. Canaccord Genuity decreased their price objective on Yangarra Resources from C$6.00 to C$5.50 in a report on Thursday, May 9th. CIBC decreased their price objective on Yangarra Resources from C$4.50 to C$4.25 and set a “neutral” rating on the stock in a report on Monday, March 11th. Finally, Raymond James reissued a “strong-buy” rating and issued a C$6.50 target price on shares of Yangarra Resources in a research note on Thursday, May 9th.

The company has a quick ratio of 0.63, a current ratio of 0.67 and a debt-to-equity ratio of 65.52. The stock has a market cap of $186.09 million and a price-to-earnings ratio of 4.84.

In other news, Director James Grant Evaskevich acquired 10,000 shares of the business’s stock in a transaction on Wednesday, April 17th. The shares were acquired at an average cost of C$3.45 per share, with a total value of C$34,500.00. Following the transaction, the director now owns 2,527,118 shares in the company, valued at approximately C$8,718,557.10.

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About Yangarra Resources (TSE:YGR)

Yangarra Resources Ltd., a junior oil and gas company, explores for, develops, and produces resource properties in Western Canada. The company holds oil and gas interests in various sections, primarily focusing on Cardium in Central Alberta. Yangarra Resources Ltd. is headquartered in Calgary, Canada.

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