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

Key Points

• Yangarra Resources Ltd. shares have fallen below their 50-day moving average of C$1.01, trading as low as C$1.00 during recent trading.
• The company reports a market capitalization of C$103.30 million and a P/E ratio of 5.67, indicating a low valuation compared to earnings.
• Yangarra Resources is involved in the exploration, development, and production of natural gas and oil, primarily operating in Central Alberta, Canada.

Yangarra Resources Ltd. (TSE:YGR - ) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$1.01 and traded as low as C$1.00. Yangarra Resources shares last traded at C$1.02, with a volume of 66,315 shares trading hands.

Yangarra Resources Stock 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 company has a market capitalization of C$103.30 million, a P/E ratio of 5.67 and a beta of 0.21. The firm has a 50-day moving average price of C$1.01 and a two-hundred day moving average price of C$0.97.

Yangarra Resources Company Profile

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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