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

Shares of 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 trading hands.

Yangarra Resources Price Performance

The firm has a market capitalization of C$104.65 million, a price-to-earnings ratio of 2.52 and a beta of 2.21. The company has a current ratio of 2.01, a quick ratio of 0.91 and a debt-to-equity ratio of 21.37. The business has a 50-day moving average price of C$1.07 and a two-hundred day moving average price of C$1.11.

Yangarra Resources (TSE:YGR) last posted its earnings results on Tuesday, July 30th. The oil and gas exploration company reported C$0.09 EPS 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 firm had revenue of C$35.72 million for the quarter, compared to analysts’ expectations of C$36.50 million. As a group, research analysts forecast that Yangarra Resources Ltd. will post 0.504717 EPS for the current year.

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.