Yangarra Resources (TSE:YGR) Stock Price Passes Above 50 Day Moving Average – Time to Sell?

Yangarra Resources Ltd. (TSE:YGR) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$1.07 and traded as high as C$1.15. Yangarra Resources shares last traded at C$1.11, with a volume of 149,073 shares changing hands.

Yangarra Resources Stock Performance

The company’s 50-day moving average price is C$1.07 and its 200 day moving average price is C$1.04. The company has a debt-to-equity ratio of 20.78, a quick ratio of 0.91 and a current ratio of 1.67. The stock has a market capitalization of C$110.39 million, a PE ratio of 6.41 and a beta of 0.05.

Yangarra Resources (TSE:YGR) last posted its earnings results on Tuesday, October 28th. The oil and gas exploration company reported C$0.02 EPS for the quarter. Yangarra Resources had a return on equity of 6.30% and a net margin of 26.78%.The business had revenue of C$25.00 million during the quarter. On average, equities research analysts expect that Yangarra Resources Ltd. will post 0.490566 earnings per share for the current fiscal year.

About Yangarra Resources

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.