Yangarra Resources (TSE:YGR) Sets New 12-Month High – Still a Buy?

Yangarra Resources Ltd. (TSE:YGRGet Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$1.19 and last traded at C$1.17, with a volume of 151210 shares. The stock had previously closed at C$1.14.

Yangarra Resources Price Performance

The business has a 50-day simple moving average of C$1.08 and a two-hundred day simple moving average of C$1.05. The stock has a market capitalization of C$118.49 million, a price-to-earnings ratio of 6.88 and a beta of 0.29. The company has a quick ratio of 0.91, a current ratio of 2.00 and a debt-to-equity ratio of 20.63.

Yangarra Resources Company Profile

(Get Free Report)

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.

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