Yangarra Resources Ltd (TSE:YGR) shot up 17.6% during trading on Wednesday . The company traded as high as C$5.15 and last traded at C$5.00. 827,339 shares changed hands during mid-day trading, an increase of 225% from the average session volume of 254,647 shares. The stock had previously closed at C$4.25.
Separately, Raymond James Financial lifted their price target on shares of Yangarra Resources from C$5.50 to C$6.25 and gave the stock an “outperform” rating in a report on Wednesday, January 17th.
The stock has a market capitalization of $350.74, a price-to-earnings ratio of 29.41 and a beta of 1.08.
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About Yangarra Resources
Yangarra Resources Ltd., a junior oil and gas company, explores, develops, and produces resource properties in Western Canada. It has oil and gas interests in various sections of land located in Central Alberta and Medicine Hat. Yangarra Resources Ltd. is headquartered in Calgary, Canada.
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