Yangarra Resources (TSE:YGR) Sets New 1-Year High at $2.08

Yangarra Resources Ltd. (TSE:YGR) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$2.08 and last traded at C$2.05, with a volume of 80742 shares changing hands. The stock had previously closed at C$2.01.

Several equities research analysts have recently commented on YGR shares. National Bankshares boosted their price objective on Yangarra Resources from C$1.50 to C$2.00 in a report on Thursday, June 17th. Raymond James reiterated an “outperform” rating and set a C$2.00 price target on shares of Yangarra Resources in a report on Friday, July 30th. Finally, National Bank Financial upped their price target on Yangarra Resources from C$1.50 to C$2.00 and gave the stock a “speculative buy” rating in a report on Thursday, June 17th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$1.59.

The company has a fifty day moving average of C$1.53 and a 200-day moving average of C$1.37. The firm has a market cap of C$165.44 million and a P/E ratio of 7.66. The company has a debt-to-equity ratio of 62.13, a current ratio of 0.79 and a quick ratio of 0.65.

Yangarra Resources (TSE:YGR) last announced its quarterly earnings data on Wednesday, July 28th. The oil and gas exploration company reported C$0.09 earnings per share (EPS) for the quarter. The business had revenue of C$28.53 million during the quarter. On average, sell-side analysts expect that Yangarra Resources Ltd. will post 0.18 EPS for the current fiscal year.

In other Yangarra Resources news, Director Neil M. Mackenzie acquired 44,600 shares of Yangarra Resources stock in a transaction on Friday, July 30th. The stock was purchased at an average price of C$1.35 per share, for a total transaction of C$60,210.00. Following the purchase, the director now directly owns 1,075,467 shares of the company’s stock, valued at C$1,451,880.45. Insiders acquired a total of 70,300 shares of company stock valued at $97,350 in the last 90 days.

About Yangarra Resources (TSE:YGR)

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. As of March 4, 2021, it had proved plus probable reserves of 157.6 million barrels of oil equivalent. The company is headquartered in Calgary, Canada.

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