Yangarra Resources (TSE:YGR) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Shares of Yangarra Resources Ltd. (TSE:YGR) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$1.07 and traded as high as C$1.15. Yangarra Resources shares last traded at C$1.11, with a volume of 149,073 shares trading hands.

Yangarra Resources Price Performance

The stock has a market capitalization of C$112.42 million, a P/E ratio of 6.53 and a beta of 0.05. The company’s 50 day simple moving average is C$1.07 and its two-hundred day simple moving average is C$1.04. The company has a debt-to-equity ratio of 20.78, a current ratio of 1.67 and a quick ratio of 0.91.

Yangarra Resources (TSE:YGR) last announced its earnings results on Tuesday, October 28th. The oil and gas exploration company reported C$0.02 EPS for the quarter. The business had revenue of C$25.00 million for the quarter. Yangarra Resources had a return on equity of 6.30% and a net margin of 26.78%. As a group, equities analysts expect that Yangarra Resources Ltd. will post 0.490566 EPS for the current fiscal year.

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.