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

Yangarra Resources logo with Energy background

Yangarra Resources Ltd. (TSE:YGR - Get Free Report)'s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.91 and traded as high as C$0.94. Yangarra Resources shares last traded at C$0.92, with a volume of 11,003 shares.

Yangarra Resources Price Performance

The company has a market cap of C$96.66 million, a price-to-earnings ratio of 2.78 and a beta of 2.19. The company's 50 day moving average price is C$0.90 and its 200 day moving average price is C$0.98. The company has a current ratio of 1.67, a quick ratio of 0.91 and a debt-to-equity ratio of 20.78.

Yangarra Resources Company Profile

(Get Free Report)

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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