Yangarra Resources Ltd. (TSE:YGR – Get Rating)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$2.73 and traded as low as C$2.59. Yangarra Resources shares last traded at C$2.61, with a volume of 121,445 shares changing hands.
Analyst Upgrades and Downgrades
Several equities analysts have commented on YGR shares. Raymond James cut their price target on Yangarra Resources from C$4.00 to C$3.50 and set an “outperform” rating for the company in a report on Monday, January 16th. Cormark lowered their price objective on Yangarra Resources from C$5.25 to C$4.00 in a research note on Monday, January 9th.
Yangarra Resources Stock Performance
The company has a market capitalization of C$216.36 million and a P/E ratio of 2.29. The firm has a 50 day moving average price of C$2.72 and a two-hundred day moving average price of C$2.72. The company has a debt-to-equity ratio of 35.13, a quick ratio of 0.91 and a current ratio of 1.11.
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. As of February 1, 2022, it had proved plus probable reserves of 141.2 million barrels of oil equivalent. The company is headquartered in Calgary, Canada.
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