Yangarra Resources Ltd. (OTCMKTS:YGRAF – Get Free Report) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 42,911 shares, a drop of 51.0% from the September 30th total of 87,504 shares. Based on an average daily volume of 105,455 shares, the short-interest ratio is currently 0.4 days.
Yangarra Resources Stock Performance
Shares of YGRAF opened at $1.23 on Monday. The stock has a 50-day moving average price of $1.14 and a 200-day moving average price of $0.98. Yangarra Resources has a 12-month low of $0.65 and a 12-month high of $1.31.
Yangarra Resources Company Profile
Yangarra Resources Ltd. is a Canadian oil and natural gas exploration and production company focused on the development of conventional petroleum assets in Alberta. The company’s operations have primarily centered on the Cardium light-oil resource play, where it has pursued the drilling, completion and production of horizontal wells.
Yangarra’s activities include acquiring prospective land, developing drilling locations, and producing crude oil, natural gas liquids and natural gas. Its business model has emphasized operated assets and the application of horizontal drilling and multistage hydraulic fracturing to develop resources from the Cardium formation.
Headquartered in Calgary, Alberta, Yangarra has historically served the Canadian energy market through its Alberta-based production portfolio.
See Also
- Five stocks we like better than Yangarra Resources
- Marvell Eyes a Swing for the AI Networking Fences as Markets Weigh Lumentum Price Tag
- Exxon’s Refining Profits Soared—Did Chevron Get the Same Windfall?
- Eli Lilly’s First Full Medicare Quarter: Is Volume Still Outrunning Price Cuts?
- Oracle’s AI Spending Peak Is in Sight—Can the Stock Recover?
Receive News & Ratings for Yangarra Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yangarra Resources and related companies with MarketBeat.com's FREE daily email newsletter.
