Yangarra Resources (TSE:YGR) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Yangarra Resources Ltd. (TSE:YGR) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$1.33 and traded as high as C$1.48. Yangarra Resources shares last traded at C$1.47, with a volume of 321,562 shares.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial upped their price objective on shares of 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 research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Yangarra Resources currently has a consensus rating of “Hold” and a consensus target price of C$1.25.

Yangarra Resources Price Performance

The firm has a market capitalization of C$155.22 million, a PE ratio of 11.31 and a beta of -0.49. The business’s 50 day moving average is C$1.33 and its two-hundred day moving average is C$1.16. The company has a debt-to-equity ratio of 21.51, a quick ratio of 0.91 and a current ratio of 1.47.

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