Yangarra Resources (TSE:YGR) Hits New 12-Month Low at $1.37

Yangarra Resources Ltd (TSE:YGR)’s stock price reached a new 52-week low on Tuesday . The company traded as low as C$1.37 and last traded at C$1.39, with a volume of 80310 shares traded. The stock had previously closed at C$1.42.

A number of analysts recently weighed in on YGR shares. National Bank Financial dropped their target price on Yangarra Resources from C$5.50 to C$5.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Laurentian dropped their target price on Yangarra Resources from C$5.75 to C$5.25 in a research report on Wednesday, July 24th. Cormark dropped their target price on Yangarra Resources from C$5.00 to C$4.50 in a research report on Friday, August 9th. Raymond James restated a “strong-buy” rating and issued a C$4.00 target price on shares of Yangarra Resources in a research report on Friday, August 9th. Finally, TD Securities dropped their target price on Yangarra Resources from C$4.00 to C$3.50 and set a “buy” rating for the company in a research report on Friday, August 9th.

The company has a market capitalization of $120.36 million and a PE ratio of 2.14. The company has a 50 day moving average of C$1.74 and a two-hundred day moving average of C$2.56. The company has a debt-to-equity ratio of 62.05, a current ratio of 0.81 and a quick ratio of 0.72.

In other Yangarra Resources news, Senior Officer Lorne David Simpson bought 25,500 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The shares were purchased at an average cost of C$1.70 per share, for a total transaction of C$43,350.00. Following the purchase, the insider now directly owns 348,019 shares in the company, valued at C$591,632.30. Over the last 90 days, insiders have purchased 84,100 shares of company stock worth $140,972.

Yangarra Resources Company Profile (TSE:YGR)

Yangarra Resources Ltd., a junior oil and gas company, explores for, develops, and produces resource properties in Western Canada. The company holds oil and gas interests in various sections, primarily focusing on Cardium in Central Alberta. Yangarra Resources Ltd. is headquartered in Calgary, Canada.

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