Yangarra Resources (TSE:YGR) Shares Pass Above 50-Day Moving Average – Here’s Why

Yangarra Resources Ltd. (TSE:YGR)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$1.41 and traded as high as C$1.60. Yangarra Resources shares last traded at C$1.59, with a volume of 535,951 shares.

Yangarra Resources Stock Performance

The business’s fifty day moving average price is C$1.41 and its two-hundred day moving average price is C$1.35. The company has a debt-to-equity ratio of 20.90, a quick ratio of 0.91 and a current ratio of 1.56. The stock has a market capitalization of C$167.90 million, a P/E ratio of 8.83 and a beta of -0.83.

Yangarra Resources (TSE:YGR) last announced its quarterly earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.11 EPS for the quarter. Yangarra Resources had a net margin of 17.15% and a return on equity of 3.31%. The firm had revenue of C$39.21 million during the quarter. As a group, sell-side analysts forecast that Yangarra Resources Ltd. will post 0.490566 earnings per share for the current year.

Yangarra Resources Company Profile

Yangarra Resources Ltd is a junior oil and gas company which is engaged in the exploration, development, and production of natural gas and oil with operations in Western Canada. The company has its operations in Central Alberta. It generates its revenue from the sale of crude oil and natural gas products.