Yangarra Resources (TSE:YGR) Stock Passes Above 50 Day Moving Average – Here’s Why

Yangarra Resources Ltd. (TSE:YGRGet Free Report)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.92 and traded as high as C$1.02. Yangarra Resources shares last traded at C$1.00, with a volume of 93,992 shares trading hands.

Yangarra Resources Stock Performance

The company has a debt-to-equity ratio of 20.78, a current ratio of 1.67 and a quick ratio of 0.91. The stock has a market capitalization of C$100.69 million, a P/E ratio of 2.90 and a beta of 2.19. The company has a fifty day moving average of C$0.92 and a two-hundred day moving average of C$0.98.

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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