Yangarra Resources (TSE:YGR) Stock Price Crosses Below 50-Day Moving Average of $2.73

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.

Yangarra Resources (TSE:YGR – Get Rating) last released its quarterly earnings data on Tuesday, November 1st. The oil and gas exploration company reported C$0.30 earnings per share for the quarter. The company had revenue of C$62.79 million during the quarter. On average, research analysts expect that Yangarra Resources Ltd. will post 0.18 earnings per share for the current fiscal year.

About Yangarra Resources

(Get Rating)

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.