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Yangarra Resources (TSE:YGR) Shares Cross Above 50-Day Moving Average - Here's Why

Yangarra Resources logo with Energy background

Shares of Yangarra Resources Ltd. (TSE:YGR - Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.92 and traded as high as C$1.02. Yangarra Resources shares last traded at C$1.00, with a volume of 93,992 shares traded.

Yangarra Resources Stock Down 1.0%

The stock's 50-day simple moving average is C$0.93 and its 200-day simple moving average is C$0.98. The firm has a market capitalization of C$101.70 million, a P/E ratio of 2.92 and a beta of 2.19. The company has a current ratio of 1.67, a quick ratio of 0.91 and a debt-to-equity ratio of 20.78.

About Yangarra Resources

(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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