Yangarra Resources Ltd. (YGR) Director Frederick Lee Morton Buys 25,000 Shares
Yangarra Resources Ltd. (TSE:YGR) Director Frederick Lee Morton purchased 25,000 shares of the stock in a transaction on Wednesday, June 14th. The stock was acquired at an average cost of C$3.45 per share, for a total transaction of C$86,250.00.
Shares of Yangarra Resources Ltd. (TSE:YGR) traded down 3.13% during trading on Monday, hitting $3.10. The company had a trading volume of 80,820 shares. The stock has a market capitalization of $248.66 million and a P/E ratio of 73.81. The firm’s 50 day moving average is $2.98 and its 200-day moving average is $2.49. Yangarra Resources Ltd. has a 52 week low of $0.85 and a 52 week high of $3.53.
A number of equities analysts recently weighed in on YGR shares. Pi Financial raised their price objective on Yangarra Resources from C$3.75 to C$4.50 in a report on Tuesday, June 13th. Raymond James Financial, Inc. raised their price objective on Yangarra Resources from C$3.50 to C$4.00 and gave the company an “outperform” rating in a report on Friday, May 12th. Finally, Canaccord Genuity started coverage on Yangarra Resources in a report on Monday, April 17th. They set a “speculative buy” rating and a C$4.00 price objective on the stock.
About Yangarra Resources
Yangarra Resources Ltd. is an exploration focused oil and natural gas company. The Company is engaged in production, exploration and development of resource properties in the Central Alberta, Medicine Hat and Jaslan areas of Alberta. It produces oil and gas assets of approximately 2,390 barrel of oil equivalent per day (boe/d) of oil, natural gas and natural gas liquids (NGLs).
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