Yangarra Resources (TSE:YGR) Shares Break Above Fifty Day Moving Average – What’s Next?

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$1.47 and traded as high as C$1.48. Yangarra Resources shares last traded at C$1.45, with a volume of 103,574 shares traded.

Yangarra Resources Trading Up 1.4%

The company’s fifty day moving average is C$1.48 and its two-hundred day moving average is C$1.38. The company has a quick ratio of 0.91, a current ratio of 1.56 and a debt-to-equity ratio of 20.90. The stock has a market cap of C$154.17 million, a price-to-earnings ratio of 8.11 and a beta of -0.83.

Yangarra Resources (TSE:YGR) last posted its quarterly earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.11 EPS for the quarter. Yangarra Resources had a net margin of 17.15% and a return on equity of 3.31%. The company had revenue of C$39.21 million during the quarter. On average, research analysts predict that Yangarra Resources Ltd. will post 0.490566 EPS for the current fiscal year.

Yangarra Resources Company Profile

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.