Yangarra Resources (TSE:YGR) Shares Pass Above 50-Day Moving Average – Time to Sell?

Yangarra Resources Ltd. (TSE:YGR)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$1.01 and traded as high as C$1.13. Yangarra Resources shares last traded at C$1.10, with a volume of 24,836 shares traded.

Analyst Upgrades and Downgrades

Separately, National Bankshares cut their price objective on Yangarra Resources from C$1.50 to C$1.25 in a research note on Friday, September 27th.

Yangarra Resources Stock Down 2.7 %

The stock’s fifty day simple moving average is C$1.01 and its two-hundred day simple moving average is C$1.05. The company has a debt-to-equity ratio of 21.37, a current ratio of 2.01 and a quick ratio of 0.91. The company has a market capitalization of C$108.60 million, a price-to-earnings ratio of 2.62 and a beta of 2.19.

Yangarra Resources (TSE:YGR) last issued its earnings results on Wednesday, October 30th. The oil and gas exploration company reported C$0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.08 by C($0.04). The business had revenue of C$26.26 million during the quarter, compared to the consensus estimate of C$33.20 million. Yangarra Resources had a return on equity of 7.90% and a net margin of 29.17%. On average, sell-side analysts predict that Yangarra Resources Ltd. will post 0.490566 earnings per share for the current fiscal year.

Insider Activity at Yangarra Resources

In other news, Director Gordon Bowerman purchased 25,000 shares of Yangarra Resources stock in a transaction dated Wednesday, November 27th. The stock was bought at an average price of C$1.02 per share, with a total value of C$25,500.00. Insiders purchased 41,688 shares of company stock worth $41,765 in the last 90 days. 12.08% of the stock is currently owned by company insiders.

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.