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

Yangarra Resources Ltd. (TSE:YGRGet Free Report) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$1.00 and traded as low as C$0.98. Yangarra Resources shares last traded at C$0.98, with a volume of 6,524 shares changing hands.

Yangarra Resources Price Performance

The company’s fifty day moving average price is C$1.00 and its 200 day moving average price is C$0.97. The company has a debt-to-equity ratio of 20.78, a quick ratio of 0.91 and a current ratio of 1.67. The firm has a market capitalization of C$99.25 million, a price-to-earnings ratio of 5.44 and a beta of 0.21.

About Yangarra Resources

(Get Free Report)

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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