Yangarra Resources Ltd (TSE:YGR)’s share price hit a new 52-week low on Wednesday . The company traded as low as C$2.17 and last traded at C$2.18, with a volume of 89882 shares traded. The stock had previously closed at C$2.24.
A number of equities analysts recently weighed in on the stock. Raymond James restated a “strong-buy” rating and set a C$6.50 target price on shares of Yangarra Resources in a research report on Thursday, May 9th. Canaccord Genuity dropped their target price on shares of Yangarra Resources from C$6.00 to C$5.50 in a research report on Thursday, May 9th. Finally, CIBC dropped their target price on shares of Yangarra Resources from C$4.50 to C$4.25 and set a “neutral” rating for the company in a research report on Monday, March 11th.
The company has a debt-to-equity ratio of 65.52, a quick ratio of 0.63 and a current ratio of 0.67. The stock has a market capitalization of $188.65 million and a price-to-earnings ratio of 4.87.
In related news, Director James Grant Evaskevich bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The stock was purchased at an average price of C$3.45 per share, for a total transaction of C$34,500.00. Following the completion of the transaction, the director now owns 2,527,118 shares in the company, valued at C$8,718,557.10.
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Yangarra Resources Company Profile (TSE:YGR)
Yangarra Resources Ltd., a junior oil and gas company, explores for, develops, and produces resource properties in Western Canada. The company holds oil and gas interests in various sections, primarily focusing on Cardium in Central Alberta. Yangarra Resources Ltd. is headquartered in Calgary, Canada.
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