Yangarra Resources (TSE:YGR) Stock Passes Above 50-Day Moving Average of $1.07

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$1.07 and traded as high as C$1.08. Yangarra Resources shares last traded at C$1.06, with a volume of 7,918 shares.

Yangarra Resources Stock Performance

The stock’s 50-day moving average is C$1.07 and its 200 day moving average is C$1.11. The stock has a market cap of C$104.65 million, a price-to-earnings ratio of 2.52 and a beta of 2.21. The company has a debt-to-equity ratio of 21.37, a current ratio of 2.01 and a quick ratio of 0.91.

Yangarra Resources (TSE:YGR) last posted its earnings results on Tuesday, July 30th. The oil and gas exploration company reported C$0.09 earnings per share for the quarter, meeting the consensus estimate of C$0.09. Yangarra Resources had a return on equity of 7.90% and a net margin of 29.17%. The company had revenue of C$35.72 million for the quarter, compared to analyst estimates of C$36.50 million. As a group, analysts predict that Yangarra Resources Ltd. will post 0.504717 earnings per share for the current fiscal year.

Yangarra Resources Company Profile

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.