Yangarra Resources (TSE:YGR) Shares Pass Above 50 Day Moving Average - Here's What Happened

Key Points

• Yangarra Resources shares crossed above their 50-day moving average (C$1.29) on Monday, trading as high as C$1.47 and last at C$1.46 on a volume of 306,045 shares, up about 5.0%.
• National Bank Financial raised its target on the stock from C$1.00 to C$1.25 and kept a "sector perform" rating; the market consensus is a Hold with an average price target of C$1.25.
• Recent results show quarterly EPS of C$0.04 and revenue of C$28.53M; the company has a market cap of C$154.17M, a P/E of 10.43 and a debt-to-equity ratio of 21.51.

Yangarra Resources Ltd. (TSE:YGR - Get Free Report)'s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$1.29 and traded as high as C$1.47. Yangarra Resources shares last traded at C$1.46, with a volume of 306,045 shares changing hands.

Analyst Upgrades and Downgrades

Separately, National Bank Financial boosted their target price on shares of Yangarra Resources from C$1.00 to C$1.25 and gave the stock a "sector perform" rating in a research report on Friday, March 6th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of C$1.25.

Yangarra Resources Stock Up 5.0%

The company has a debt-to-equity ratio of 21.51, a quick ratio of 0.91 and a current ratio of 1.47. The company has a market capitalization of C$154.17 million, a price-to-earnings ratio of 10.43 and a beta of -0.49. The firm's 50-day simple moving average is C$1.29 and its 200-day simple moving average is C$1.14.

Yangarra Resources (TSE:YGR - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The oil and gas exploration company reported C$0.04 EPS for the quarter. Yangarra Resources had a net margin of 13.70% and a return on equity of 2.46%. The business had revenue of C$28.53 million during the quarter. Sell-side analysts forecast 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.

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