Yangarra Resources (TSE:YGR) Reaches New 1-Year Low at $1.37

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

Several equities research analysts recently commented on the stock. Cormark cut their price target on shares of Yangarra Resources from C$5.00 to C$4.50 in a report on Friday, August 9th. National Bank Financial cut their price target on shares of Yangarra Resources from C$5.50 to C$5.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Canaccord Genuity cut their price target on shares of Yangarra Resources from C$5.50 to C$4.00 in a report on Tuesday, July 9th. TD Securities cut their price target on shares of Yangarra Resources from C$4.00 to C$3.50 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, CIBC cut their price target on shares of Yangarra Resources from C$4.25 to C$3.00 in a report on Thursday, July 18th.

The company has a market cap of $120.36 million and a PE ratio of 2.17. The firm’s fifty day moving average is C$1.72 and its 200 day moving average is C$2.56. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 62.05.

In other Yangarra Resources news, Senior Officer Lorne David Simpson bought 25,500 shares of the company’s stock in a transaction dated Monday, July 22nd. The stock was acquired at an average price of C$1.70 per share, with a total value of C$43,350.00. Following the completion of the acquisition, the insider now directly owns 348,019 shares of the company’s stock, valued at C$591,632.30. In the last three months, insiders purchased 84,100 shares of company stock valued at $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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