Yangarra Resources (TSE:YGR) Stock Passes Above Fifty Day Moving Average – Should You Sell?

Shares of Yangarra Resources Ltd. (TSE:YGR) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$1.40 and traded as high as C$1.42. Yangarra Resources shares last traded at C$1.38, with a volume of 267,947 shares trading hands.

Wall Street Analyst Weigh In

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

Yangarra Resources Price Performance

The company has a quick ratio of 0.91, a current ratio of 1.47 and a debt-to-equity ratio of 21.51. The company has a fifty day moving average price of C$1.40 and a two-hundred day moving average price of C$1.21. The firm has a market capitalization of C$145.72 million, a price-to-earnings ratio of 10.62 and a beta of -0.80.

Yangarra Resources (TSE:YGR) last issued its quarterly earnings results on Thursday, April 30th. The oil and gas exploration company reported C$0.04 earnings per share for the quarter. Yangarra Resources had a return on equity of 2.46% and a net margin of 13.70%.The firm had revenue of C$28.53 million during the quarter. On average, equities research analysts expect that Yangarra Resources Ltd. will post 0.490566 EPS for the current fiscal year.

About Yangarra Resources

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.