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Yangarra Resources (TSE:YGR) Stock Price Passes Below 200-Day Moving Average - What's Next?

Yangarra Resources logo with Energy background

Yangarra Resources Ltd. (TSE:YGR - Get Free Report) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$1.10 and traded as low as C$1.04. Yangarra Resources shares last traded at C$1.04, with a volume of 7,800 shares changing hands.

Analyst Ratings Changes

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

View Our Latest Research Report on Yangarra Resources

Yangarra Resources Trading Down 1.0 %

The business's 50-day moving average is C$1.06 and its two-hundred day moving average is C$1.10. The stock has a market capitalization of C$102.68 million, a PE ratio of 2.48 and a beta of 2.21. The company has a quick ratio of 0.91, a current ratio of 2.01 and a debt-to-equity ratio of 21.37.

Yangarra Resources (TSE:YGR - Get Free Report) last announced its earnings results on Tuesday, July 30th. The oil and gas exploration company reported C$0.09 EPS for the quarter, meeting analysts' consensus estimates of C$0.09. The business had revenue of C$35.72 million for the quarter, compared to analysts' expectations of C$36.50 million. Yangarra Resources had a net margin of 29.17% and a return on equity of 7.90%. On average, analysts anticipate that Yangarra Resources Ltd. will post 0.504717 earnings per share for the current fiscal year.

Yangarra Resources Company Profile

(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.

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