Yangarra Resources (TSE:YGR) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Yangarra Resources Ltd. (TSE:YGR) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$1.04 and traded as high as C$1.06. Yangarra Resources shares last traded at C$1.06, with a volume of 61,270 shares traded.

Yangarra Resources Price Performance

The company has a market capitalization of C$106.73 million, a PE ratio of 3.07 and a beta of 2.19. The company has a quick ratio of 0.91, a current ratio of 1.67 and a debt-to-equity ratio of 20.78. The firm’s 50 day simple moving average is C$1.04 and its 200 day simple moving average is C$1.04.

Insider Transactions at Yangarra Resources

In related news, Director Gordon Bowerman acquired 25,000 shares of the stock in a transaction on Wednesday, November 27th. The shares were acquired at an average price of C$1.02 per share, for a total transaction of C$25,500.00. Over the last 90 days, insiders have acquired 41,688 shares of company stock worth $41,765. Insiders own 12.08% of the company’s stock.

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.