Yangarra Resources (YGR) Reaches New 12-Month Low at $2.80

Yangarra Resources Ltd (TSE:YGR) shares reached a new 52-week low during trading on Monday . The company traded as low as C$2.80 and last traded at C$2.83, with a volume of 209534 shares changing hands. The stock had previously closed at C$2.85.

A number of research analysts have recently commented on YGR shares. National Bank Financial reiterated an “outperform” rating and issued a C$8.50 price objective on shares of Yangarra Resources in a report on Tuesday, October 2nd. Raymond James dropped their price objective on Yangarra Resources from C$8.25 to C$7.75 in a report on Friday, October 5th. Industrial Alliance Securities increased their price objective on Yangarra Resources from C$7.75 to C$8.25 in a report on Thursday, August 9th. CIBC increased their price objective on Yangarra Resources from C$7.50 to C$8.25 in a report on Friday, September 14th. Finally, TD Securities increased their price objective on Yangarra Resources from C$7.00 to C$7.50 and gave the company a “buy” rating in a report on Monday, September 17th.

The company has a debt-to-equity ratio of 49.85, a current ratio of 0.62 and a quick ratio of 0.54.

In other news, Director James Grant Evaskevich purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The shares were purchased at an average price of C$3.27 per share, for a total transaction of C$32,700.00. Also, insider Gurdeep Singh Gill purchased 27,400 shares of the company’s stock in a transaction that occurred on Thursday, August 30th. The shares were purchased at an average price of C$4.41 per share, for a total transaction of C$120,834.00. In the last quarter, insiders bought 197,230 shares of company stock worth $749,481.

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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 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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