Yangarra Resources (YGR) Trading Down 7.2%

Yangarra Resources Ltd (TSE:YGR) shares fell 7.2% on Friday . The company traded as low as C$2.59 and last traded at C$2.69. 100,830 shares were traded during mid-day trading, a decline of 58% from the average session volume of 240,079 shares. The stock had previously closed at C$2.90.

A number of brokerages recently weighed in on YGR. National Bank Financial decreased their price target on shares of Yangarra Resources from C$6.00 to C$5.50 and set an “outperform” rating on the stock in a research note on Tuesday, January 8th. CIBC decreased their price target on shares of Yangarra Resources from C$8.25 to C$6.75 in a research note on Thursday, November 22nd. TD Securities decreased their price target on shares of Yangarra Resources from C$7.50 to C$7.00 in a research note on Thursday, November 8th. Canaccord Genuity decreased their price target on shares of Yangarra Resources from C$7.00 to C$6.00 in a research note on Thursday, January 10th. Finally, Raymond James reaffirmed a “strong-buy” rating and issued a C$6.00 price target on shares of Yangarra Resources in a research note on Tuesday, January 8th.

The company has a current ratio of 0.62, a quick ratio of 0.54 and a debt-to-equity ratio of 49.85. The company has a market capitalization of $247.46 million and a price-to-earnings ratio of 10.00.

In other news, insider Gurdeep Singh Gill purchased 40,000 shares of Yangarra Resources stock in a transaction dated Friday, December 14th. The shares were purchased at an average price of C$2.47 per share, with a total value of C$98,800.00.

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About Yangarra Resources (TSE:YGR)

Yangarra Resources Ltd., a junior oil and gas company, explores for, develops, and produces resource properties in Western Canada. The company has oil and gas interests in various sections of land located in Central Alberta and Medicine Hat. Yangarra Resources Ltd. is headquartered in Calgary, Canada.

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