Yangarra Resources (TSE:YGR) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Yangarra Resources Ltd. (TSE:YGR)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$1.07 and traded as low as C$0.95. Yangarra Resources shares last traded at C$0.95, with a volume of 78,600 shares traded.

Wall Street Analysts Forecast Growth

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

Yangarra Resources Stock Down 2.1 %

The firm has a market capitalization of C$93.79 million, a price-to-earnings ratio of 2.26 and a beta of 2.19. 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 firm has a 50 day moving average price of C$1.03 and a two-hundred day moving average price of C$1.07.

Yangarra Resources (TSE:YGR) last released its quarterly earnings data on Wednesday, October 30th. The oil and gas exploration company reported C$0.04 earnings per share for the quarter, missing the consensus estimate of C$0.08 by C($0.04). The firm had revenue of C$26.26 million during the quarter, compared to analyst estimates of C$33.20 million. Yangarra Resources had a net margin of 29.17% and a return on equity of 7.90%. On average, equities analysts expect that Yangarra Resources Ltd. will post 0.490566 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.