Yangarra Resources (TSE:YGR) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Yangarra Resources Ltd. (TSE:YGR) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$1.08 and traded as low as C$1.00. Yangarra Resources shares last traded at C$1.01, with a volume of 12,254 shares changing hands.

Analysts Set New Price Targets

Separately, National Bankshares reduced their price target on shares of Yangarra Resources from C$1.50 to C$1.25 in a research report on Friday, September 27th.

Yangarra Resources Stock Performance

The business has a 50 day moving average price of C$1.04 and a two-hundred day moving average price of C$1.08. The company has a debt-to-equity ratio of 21.37, a quick ratio of 0.91 and a current ratio of 2.01. The company has a market cap of C$99.72 million, a P/E ratio of 2.40 and a beta of 2.19.

Yangarra Resources (TSE:YGR) last issued its earnings results on Wednesday, October 30th. The oil and gas exploration company reported C$0.04 EPS for the quarter, missing the consensus estimate of C$0.08 by C($0.04). The firm had revenue of C$26.26 million during the quarter, compared to analysts’ expectations of C$33.20 million. Yangarra Resources had a return on equity of 7.90% and a net margin of 29.17%. On average, sell-side analysts anticipate that Yangarra Resources Ltd. will post 0.490566 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.