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Yangarra Resources (TSE:YGR) Stock Price Crosses Above 50-Day Moving Average - Here's Why

Yangarra Resources logo with Energy background

Yangarra Resources Ltd. (TSE:YGR - Get Free Report) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.96 and traded as high as C$1.03. Yangarra Resources shares last traded at C$1.03, with a volume of 605 shares changing hands.

Yangarra Resources Trading Up 1.0%

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's 50 day simple moving average is C$0.96 and its two-hundred day simple moving average is C$0.99. The stock has a market capitalization of C$103.71 million, a P/E ratio of 2.98 and a beta of 2.19.

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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