Yangarra Resources (TSE:YGR) Stock Passes Above 50 Day Moving Average – Time to Sell?

Yangarra Resources Ltd. (TSE:YGR)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$1.01 and traded as high as C$1.13. Yangarra Resources shares last traded at C$1.10, with a volume of 24,836 shares.

Analyst Ratings Changes

Separately, National Bankshares cut their target price on shares of Yangarra Resources from C$1.50 to C$1.25 in a research report on Friday, September 27th.

Yangarra Resources Price Performance

The firm has a market capitalization of C$105.64 million, a PE ratio of 2.55 and a beta of 2.19. The company has a debt-to-equity ratio of 21.37, a quick ratio of 0.91 and a current ratio of 2.01. The stock has a fifty day moving average price of C$1.02 and a 200-day moving average price of C$1.05.

Yangarra Resources (TSE:YGR) last posted its earnings results on Wednesday, October 30th. The oil and gas exploration company reported C$0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.08 by C($0.04). The company had revenue of C$26.26 million during the quarter, compared to analysts’ expectations of C$33.20 million. Yangarra Resources had a net margin of 29.17% and a return on equity of 7.90%. Sell-side analysts forecast that Yangarra Resources Ltd. will post 0.490566 EPS for the current fiscal year.

Insider Transactions at Yangarra Resources

In other news, Director Gordon Bowerman bought 25,000 shares of the stock in a transaction on Wednesday, November 27th. The stock was bought at an average cost of C$1.02 per share, for a total transaction of C$25,500.00. Insiders have bought a total of 41,688 shares of company stock valued at $41,765 in the last 90 days. Insiders own 12.08% of the company’s stock.

About Yangarra Resources

Yangarra Resources Ltd., a junior oil and gas company, engages in the exploration, development, and production of oil and natural gas properties in Western Canada. The company focuses on the Cardium in Central Alberta. It also focuses on the Western Canadian Sedimentary basin. The company is headquartered in Calgary, Canada.