Yangarra Resources (TSE:YGR) Reaches New 12-Month Low – Here’s Why

Yangarra Resources Ltd. (TSE:YGR)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as C$0.91 and last traded at C$0.92, with a volume of 98326 shares traded. The stock had previously closed at C$0.94.

Wall Street Analyst Weigh In

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

Yangarra Resources Stock Performance

The firm’s fifty day simple moving average is C$1.01 and its 200 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$92.81 million, a price-to-earnings ratio of 2.24 and a beta of 2.19.

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

Insider Buying and Selling

In related news, Director Gordon Bowerman acquired 25,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were bought at an average price of C$1.02 per share, for a total transaction of C$25,500.00. In the last three months, insiders bought 41,688 shares of company stock valued at $41,765. Company insiders own 12.08% of the company’s stock.

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.