Yangarra Resources (TSE:YGR) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Yangarra Resources Ltd. (TSE:YGR)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.08 and traded as low as C$1.00. Yangarra Resources shares last traded at C$1.01, with a volume of 12,254 shares trading hands.

Analysts Set New Price Targets

Separately, National Bankshares dropped their price objective on Yangarra Resources from C$1.50 to C$1.25 in a research note on Friday, September 27th.

Yangarra Resources Stock Performance

The firm has a market capitalization of C$99.72 million, a PE ratio of 2.40 and a beta of 2.19. The company’s fifty day simple moving average is C$1.04 and its 200 day simple moving average is C$1.08. The company has a debt-to-equity ratio of 21.37, a current ratio of 2.01 and a quick ratio of 0.91.

Yangarra Resources (TSE:YGR) last announced its quarterly earnings results on Wednesday, October 30th. The oil and gas exploration company reported C$0.04 EPS for the quarter, missing analysts’ consensus estimates of C$0.08 by C($0.04). The business had revenue of C$26.26 million during the quarter, compared to analysts’ expectations of C$33.20 million. Yangarra Resources had a return on equity of 7.90% and a net margin of 29.17%. As a group, equities research analysts expect that Yangarra Resources Ltd. will post 0.490566 EPS for the current fiscal year.

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. The company focuses on the Cardium in Central Alberta. It also focuses on the Western Canadian Sedimentary basin. The company is headquartered in Calgary, Canada.