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

Key Points

• Yangarra Resources Ltd. shares recently crossed above their fifty-day moving average of C$1.02, indicating a potential positive trend in their stock performance.
• The company's market capitalization is approximately C$100.26 million, with significant financial metrics including a price-to-earnings ratio of 5.50 and a debt-to-equity ratio of 20.78.
• Yangarra Resources is focused on the exploration, development, and production of natural gas and oil primarily in Western Canada, generating revenue from crude oil and natural gas sales.

Yangarra Resources Ltd. (TSE:YGR - ) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$1.02 and traded as high as C$1.02. Yangarra Resources shares last traded at C$0.99, with a volume of 18,916 shares trading hands.

Yangarra Resources Stock Performance

The company has a 50 day moving average price of C$1.02 and a 200 day moving average price of C$0.97. The company has a market capitalization of C$100.26 million, a price-to-earnings ratio of 5.50 and a beta of 0.41. The company has a debt-to-equity ratio of 20.78, a quick ratio of 0.91 and a current ratio of 1.67.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.