Yangarra Resources (TSE:YGR) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Shares of Yangarra Resources Ltd. (TSE:YGR) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$1.06 and traded as high as C$1.10. Yangarra Resources shares last traded at C$1.08, with a volume of 169,049 shares traded.

Yangarra Resources Price Performance

The company has a current ratio of 1.67, a quick ratio of 0.91 and a debt-to-equity ratio of 20.78. The stock has a 50-day moving average price of C$1.06 and a 200 day moving average price of C$1.03. The stock has a market capitalization of C$109.38 million, a price-to-earnings ratio of 6.35 and a beta of 0.05.

Yangarra Resources (TSE:YGR) last issued its quarterly earnings results on Tuesday, October 28th. The oil and gas exploration company reported C$0.02 earnings per share (EPS) for the quarter. The company had revenue of C$25.00 million for the quarter. Yangarra Resources had a return on equity of 6.30% and a net margin of 26.78%. As a group, equities research analysts expect that Yangarra Resources Ltd. will post 0.490566 earnings per share for the current 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.