Yangarra Resources (TSE:YGR) Reaches New 1-Year Low – Here’s What Happened

Yangarra Resources Ltd. (TSE:YGR)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.94 and last traded at C$0.95, with a volume of 63437 shares changing hands. The stock had previously closed at C$1.01.

Analyst Ratings Changes

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

Yangarra Resources Price Performance

The company has a market capitalization of C$97.74 million, a P/E ratio of 2.40 and a beta of 2.19. The company’s 50-day simple moving average is C$1.04 and its 200 day simple moving average is C$1.08. The company has a quick ratio of 0.91, a current ratio of 2.01 and a debt-to-equity ratio of 21.37.

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

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.