Yangarra Resources (TSE:YGR) Reaches New 12-Month Low – Here’s Why

Posted by Thomas Dobrow on Dec 21st, 2024

Yangarra Resources Ltd. (TSE:YGR – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$0.91 and last traded at C$0.92, with a volume of 98326 shares trading hands. The stock had previously closed at C$0.94.

Wall Street Analyst Weigh In

Separately, National Bankshares cut their target price on Yangarra Resources from C$1.50 to C$1.25 in a research note on Friday, September 27th.

Check Out Our Latest Stock Report on Yangarra Resources

Yangarra Resources Stock Down 1.1 %

The company has a 50-day moving average of C$1.01 and a two-hundred day moving average of C$1.05. The company has a debt-to-equity ratio of 21.37, a current ratio of 2.01 and a quick ratio of 0.91. The company has a market capitalization of C$91.82 million, a PE ratio of 2.21 and a beta of 2.19.

Yangarra Resources (TSE:YGR – Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The oil and gas exploration company reported C$0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.08 by C($0.04). Yangarra Resources had a return on equity of 7.90% and a net margin of 29.17%. The business had revenue of C$26.26 million during the quarter, compared to analysts’ expectations of C$33.20 million. Sell-side analysts anticipate that Yangarra Resources Ltd. will post 0.490566 earnings per share for the current fiscal year.

Insider Activity at Yangarra Resources

In other news, Director Gordon Bowerman purchased 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average cost of C$1.02 per share, with a total value of C$25,500.00. Over the last ninety days, insiders purchased 41,688 shares of company stock valued at $41,765. Corporate insiders own 12.08% of the company’s stock.

Yangarra Resources Company Profile

(Get Free Report)

Yangarra Resources Ltd., a junior oil and gas company, engages in the exploration, development, and production of oil and natural gas properties in Western Canada. The company focuses on the Cardium in Central Alberta. It also focuses on the Western Canadian Sedimentary basin. The company is headquartered in Calgary, Canada.