Yangarra Resources (TSE:YGR) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Yangarra Resources Ltd. (TSE:YGR)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$1.01 and traded as high as C$1.07. Yangarra Resources shares last traded at C$1.05, with a volume of 62,350 shares changing hands.

Yangarra Resources Stock Up 1.9%

The company has a market capitalization of C$106.34 million, a price-to-earnings ratio of 6.18 and a beta of -0.10. The company has a quick ratio of 0.91, a current ratio of 1.67 and a debt-to-equity ratio of 20.78. The firm has a 50 day moving average price of C$1.01 and a two-hundred day moving average price of C$1.00.

Yangarra Resources (TSE:YGR) last issued its quarterly earnings results on Tuesday, October 28th. The oil and gas exploration company reported C$0.02 EPS for the quarter. Yangarra Resources had a return on equity of 6.30% and a net margin of 26.78%.The firm had revenue of C$25.00 million during the quarter. As a group, sell-side analysts expect that Yangarra Resources Ltd. will post 0.490566 earnings per share for the current year.

About Yangarra Resources

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.