Yangarra Resources (OTCMKTS:YGRAF – Get Free Report) is projected to issue its resultson Tuesday, October 27th. Analysts expect Yangarra Resources to post earnings of $0.0421 per share and revenue of $22.12 million for the quarter.
Yangarra Resources Stock Up 2.4%
Shares of Yangarra Resources stock opened at $1.26 on Friday. The firm’s 50 day moving average is $1.13 and its 200 day moving average is $1.02. Yangarra Resources has a 1 year low of $0.65 and a 1 year high of $1.31.
About Yangarra Resources
Yangarra Resources Ltd. is a Canadian oil and natural gas exploration and production company based in Calgary, Alberta. The company focuses on developing conventional petroleum assets, with an emphasis on light oil and associated natural gas production.
Yangarra’s operations are concentrated in west-central Alberta, particularly within the Cardium formation. Its activities include acquiring and developing land, drilling and completing wells, and producing crude oil, natural gas, and natural gas liquids from its resource base.
The company has historically pursued a development strategy centered on horizontal drilling and multi-stage hydraulic fracturing to improve recovery from its Alberta properties.
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