Yangarra Resources (TSE:YGR) Stock Passes Above 50 Day Moving Average – Should You Sell?

Yangarra Resources Ltd. (TSE:YGR) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$1.01 and traded as high as C$1.12. Yangarra Resources shares last traded at C$1.08, with a volume of 35,250 shares traded.

Analysts Set New Price Targets

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

Yangarra Resources Price Performance

The company has a current ratio of 2.01, a quick ratio of 0.91 and a debt-to-equity ratio of 21.37. The stock has a 50 day simple moving average of C$1.01 and a 200-day simple moving average of C$1.04. The firm has a market cap of C$106.63 million, a PE ratio of 2.57 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 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.08 by C($0.04). Yangarra Resources had a net margin of 29.17% and a return on equity of 7.90%. The business had revenue of C$26.26 million for the quarter, compared to the consensus estimate of C$33.20 million. Equities analysts anticipate that Yangarra Resources Ltd. will post 0.490566 earnings per share for the current fiscal year.

Insider Transactions at Yangarra Resources

In other news, Director Gordon Bowerman acquired 25,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was purchased at an average price of C$1.02 per share, for a total transaction of C$25,500.00. Over the last quarter, insiders have purchased 41,688 shares of company stock valued at $41,765. 12.08% of the stock is currently owned by corporate insiders.

About Yangarra Resources

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.