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Yangarra Resources (TSE:YGR) Stock Price Passes Below Two Hundred Day Moving Average - Here's What Happened

Yangarra Resources logo with Energy background

Shares of Yangarra Resources Ltd. (TSE:YGR - Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.

Analyst Ratings Changes

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

View Our Latest Report on Yangarra Resources

Yangarra Resources Trading Down 1.9 %

The company has a current ratio of 2.01, a quick ratio of 0.91 and a debt-to-equity ratio of 21.37. The stock has a market cap of C$99.72 million, a PE ratio of 2.40 and a beta of 2.19. The business has a 50 day moving average of C$1.04 and a 200-day moving average of C$1.08.

Yangarra Resources (TSE:YGR - Get Free Report) 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 the consensus estimate 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 firm had revenue of C$26.26 million for the quarter, compared to analyst estimates of C$33.20 million. On average, analysts anticipate that Yangarra Resources Ltd. will post 0.490566 EPS for the current year.

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.

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