Yangarra Resources (TSE:YGR) Reaches New 52-Week High – Here’s What Happened

Shares of Yangarra Resources Ltd. (TSE:YGR) hit a new 52-week high during trading on Thursday . The company traded as high as C$1.33 and last traded at C$1.32, with a volume of 207333 shares trading hands. The stock had previously closed at C$1.31.

Analysts Set New Price Targets

Separately, National Bank Financial raised their price target on Yangarra Resources from C$1.00 to C$1.25 and gave the company a “sector perform” rating in a report on Friday, March 6th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Yangarra Resources has an average rating of “Hold” and an average price target of C$1.25.

Yangarra Resources Stock Performance

The company has a market cap of C$133.68 million, a PE ratio of 7.76 and a beta of 0.19. The company has a quick ratio of 0.91, a current ratio of 1.94 and a debt-to-equity ratio of 22.14. The firm has a fifty day simple moving average of C$1.11 and a 200-day simple moving average of C$1.06.

Yangarra Resources (TSE:YGR) last announced its quarterly earnings data on Thursday, March 5th. The oil and gas exploration company reported C$0.01 EPS for the quarter. The firm had revenue of C$21.78 million during the quarter. Yangarra Resources had a net margin of 13.38% and a return on equity of 2.57%. On average, research analysts forecast 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.