Yangarra Resources (TSE:YGR) Reaches New 52-Week Low – Here’s What Happened

Posted by Emily Schoerning on Dec 21st, 2024

Shares of Yangarra Resources Ltd. (TSE:YGR – Get Free Report) reached a new 52-week low during trading on Thursday . The stock 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.

Analyst Ratings Changes

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

Read Our Latest Report on YGR

Yangarra Resources Price Performance

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 stock has a market capitalization of C$91.82 million, a P/E ratio of 2.21 and a beta of 2.19. The firm has a fifty day moving average of C$1.01 and a two-hundred day moving average of C$1.05.

Yangarra Resources (TSE:YGR – Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The oil and gas exploration company reported C$0.04 EPS for the quarter, missing the consensus estimate of C$0.08 by C($0.04). Yangarra Resources had a net margin of 29.17% and a return on equity of 7.90%. The firm had revenue of C$26.26 million for the quarter, compared to analysts’ expectations of C$33.20 million. On average, analysts predict that Yangarra Resources Ltd. will post 0.490566 EPS for the current year.

Insider Activity

In related news, Director Gordon Bowerman purchased 25,000 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was acquired at an average price of C$1.02 per share, with a total value of C$25,500.00. In the last quarter, insiders acquired 41,688 shares of company stock worth $41,765. 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.