Yangarra Resources (TSE:YGR) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Yangarra Resources Ltd. (TSE:YGR)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$1.29 and traded as high as C$1.47. Yangarra Resources shares last traded at C$1.46, with a volume of 306,045 shares traded.

Analyst Upgrades and Downgrades

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

Yangarra Resources Stock Up 5.0%

The company has a quick ratio of 0.91, a current ratio of 1.47 and a debt-to-equity ratio of 21.51. The business has a 50-day simple moving average of C$1.29 and a two-hundred day simple moving average of C$1.14. The stock has a market capitalization of C$154.17 million, a P/E ratio of 10.43 and a beta of -0.49.

Yangarra Resources (TSE:YGR) last issued its earnings results on Thursday, April 30th. The oil and gas exploration company reported C$0.04 EPS for the quarter. Yangarra Resources had a net margin of 13.70% and a return on equity of 2.46%. The company had revenue of C$28.53 million for the quarter. Equities research analysts forecast that Yangarra Resources Ltd. will post 0.490566 earnings per share for the current fiscal year.

Yangarra Resources Company Profile

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.