Yangarra Resources (TSE:YGR) Stock Passes Below Fifty Day Moving Average – What’s Next?

Yangarra Resources Ltd. (TSE:YGR)’s share price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$1.03 and traded as low as C$1.01. Yangarra Resources shares last traded at C$1.03, with a volume of 38,501 shares traded.

Yangarra Resources Price Performance

The company has a market cap of C$101.69 million, a price-to-earnings ratio of 2.45 and a beta of 2.19. The company’s 50 day moving average price is C$1.03 and its 200 day moving average price is C$1.04. The company has a current ratio of 2.01, a quick ratio of 0.91 and a debt-to-equity ratio of 21.37.

Insider Activity at Yangarra Resources

In other Yangarra Resources news, Director Gordon Bowerman acquired 25,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was purchased at an average price of C$1.02 per share, for a total transaction of C$25,500.00. Insiders bought a total of 41,688 shares of company stock worth $41,765 over the last 90 days. Company insiders own 12.08% of the company’s stock.

About Yangarra Resources

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.