Yangarra Resources (TSE:YGR) Stock Crosses Below 200 Day Moving Average - Here's Why

Yangarra Resources Ltd. (TSE:YGR - Get Free Report) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$1.07 and traded as low as C$0.95. Yangarra Resources shares last traded at C$0.95, with a volume of 78,600 shares.

Analyst Ratings Changes

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

Yangarra Resources Stock Performance

The company has a debt-to-equity ratio of 21.37, a quick ratio of 0.91 and a current ratio of 2.01. The stock has a market cap of C$96.76 million, a P/E ratio of 2.26 and a beta of 2.19. The business's 50-day moving average price is C$1.03 and its 200-day moving average price is C$1.07.

Yangarra Resources (TSE:YGR - Get Free Report) last issued 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). Yangarra Resources had a return on equity of 7.90% and a net margin of 29.17%. The company had revenue of C$26.26 million during the quarter, compared to analysts' expectations of C$33.20 million. As a group, sell-side analysts expect that Yangarra Resources Ltd. will post 0.490566 earnings per share 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.