Yorkton Equity Group (CVE:YEG) Trading Down 13.6% – Here’s Why

Yorkton Equity Group Inc. (CVE:YEG) dropped 13.6% during mid-day trading on Friday . The company traded as low as C$0.18 and last traded at C$0.19. Approximately 102,350 shares changed hands during trading, an increase of 842% from the average daily volume of 10,861 shares. The stock had previously closed at C$0.22.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$0.34 target price on shares of Yorkton Equity Group and gave the stock a “buy” rating in a research note on Tuesday.

Yorkton Equity Group Price Performance

The company has a 50-day moving average of C$0.20 and a two-hundred day moving average of C$0.20. The company has a debt-to-equity ratio of 384.03, a current ratio of 0.37 and a quick ratio of 0.84. The stock has a market capitalization of C$21.41 million, a PE ratio of 4.75 and a beta of 1.19.

About Yorkton Equity Group

Yorkton Equity Group Inc operates as a real estate investment company in Canada. It owns a portfolio of multi-family residential rental properties comprising residential units and commercial unit in Alberta and British Columbia. The company is based in Edmonton, Canada.