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

Yangarra Resources Ltd. (TSE:YGR)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$1.03 and traded as low as C$1.01. Yangarra Resources shares last traded at C$1.03, with a volume of 38,501 shares traded.

Yangarra Resources Trading Up 1.0 %

The firm has a market cap of C$101.69 million, a price-to-earnings ratio of 2.45 and a beta of 2.19. The business has a fifty day moving average of C$1.03 and a two-hundred day moving average of C$1.04. The company has a debt-to-equity ratio of 21.37, a quick ratio of 0.91 and a current ratio of 2.01.

Insiders Place Their Bets

In other news, Director Gordon Bowerman purchased 25,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was acquired at an average price of C$1.02 per share, with a total value of C$25,500.00. Over the last ninety days, insiders have bought 41,688 shares of company stock worth $41,765. 12.08% of the stock is owned by corporate insiders.

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.