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Insider Buying: Yangarra Resources Ltd. (TSE:YGR) Director Acquires 11,800 Shares of Stock

Yangarra Resources logo with Energy background

Yangarra Resources Ltd. (TSE:YGR - Get Free Report) Director Penelope Payne purchased 11,800 shares of the company's stock in a transaction dated Wednesday, December 18th. The shares were purchased at an average cost of C$0.96 per share, for a total transaction of C$11,328.00.

Yangarra Resources Stock Down 2.1 %

Shares of TSE:YGR traded down C$0.02 on Wednesday, reaching C$0.94. The company had a trading volume of 61,590 shares, compared to its average volume of 72,418. The firm has a market capitalization of C$92.81 million, a PE ratio of 2.24 and a beta of 2.19. The company has a current ratio of 2.01, a quick ratio of 0.91 and a debt-to-equity ratio of 21.37. Yangarra Resources Ltd. has a 52-week low of C$0.91 and a 52-week high of C$1.34. The firm's 50 day simple moving average is C$1.01 and its 200-day simple moving average is C$1.05.

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

Wall Street Analysts Forecast Growth

Separately, National Bankshares reduced their price target on shares of Yangarra Resources from C$1.50 to C$1.25 in a report on Friday, September 27th.

Get Our Latest Report on YGR

About Yangarra Resources

(Get Free Report)

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.

Further Reading

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