Yangarra Resources (TSE:YGR) Sets New 12-Month High – Here’s What Happened

Yangarra Resources Ltd. (TSE:YGR – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$1.54 and last traded at C$1.52, with a volume of 437470 shares changing hands. The stock had previously closed at C$1.47.

Analyst Ratings Changes

Separately, National Bank Financial upped their price objective on Yangarra Resources from C$1.00 to C$1.25 and gave the company a “sector perform” rating in a research report on Friday, March 6th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Yangarra Resources currently has an average rating of “Hold” and a consensus target price of C$1.25.

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Yangarra Resources Price Performance

The company has a debt-to-equity ratio of 21.51, a current ratio of 1.47 and a quick ratio of 0.91. The company has a 50-day moving average price of C$1.38 and a 200-day moving average price of C$1.18. The firm has a market capitalization of C$156.28 million, a PE ratio of 11.38 and a beta of -0.49.

Yangarra Resources (TSE:YGR – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The oil and gas exploration company reported C$0.04 earnings per share (EPS) for the quarter. Yangarra Resources had a return on equity of 2.46% and a net margin of 13.70%.The business had revenue of C$28.53 million for the quarter. Sell-side analysts forecast that Yangarra Resources Ltd. will post 0.490566 EPS for the current year.

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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