Yangarra Resources (TSE:YGR) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of Yangarra Resources Ltd. (TSE:YGR) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$1.31 and traded as high as C$1.33. Yangarra Resources shares last traded at C$1.31, with a volume of 64,175 shares changing hands.

Yangarra Resources Trading Down 1.5%

The firm has a fifty day moving average price of C$1.31 and a 200-day moving average price of C$1.25. The company has a market capitalization of C$138.33 million, a P/E ratio of 10.08 and a beta of -0.78. The company has a debt-to-equity ratio of 21.51, a current ratio of 1.47 and a quick ratio of 0.91.

Yangarra Resources (TSE:YGR) last posted its quarterly earnings data on Thursday, April 30th. The oil and gas exploration company reported C$0.04 earnings per share for the quarter. The business had revenue of C$28.53 million for the quarter. Yangarra Resources had a return on equity of 2.46% and a net margin of 13.70%. On average, equities research analysts anticipate that Yangarra Resources Ltd. will post 0.490566 earnings per share for the current year.

About Yangarra Resources

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.