Yangarra Resources (YGR) Shares Up 17.6%

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.

In other Yangarra Resources news, Director James Grant Evaskevich acquired 110,000 shares of Yangarra Resources stock in a transaction that occurred on Wednesday, January 24th. The stock was acquired at an average cost of C$5.05 per share, for a total transaction of C$555,500.00.

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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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