Yangarra Resources Ltd. (OTCMKTS:YGRAF – Get Free Report) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 58,780 shares, a drop of 43.5% from the August 31st total of 103,965 shares. Based on an average daily trading volume, of 255,308 shares, the days-to-cover ratio is presently 0.2 days.
Yangarra Resources Price Performance
Shares of OTCMKTS:YGRAF opened at $1.03 on Thursday. The firm has a 50 day moving average of $1.07 and a 200 day moving average of $1.00. Yangarra Resources has a 52 week low of $0.65 and a 52 week high of $1.20.
About Yangarra Resources
Yangarra Resources Ltd. is a Canadian exploration and production company focused on the development of crude oil and natural gas assets. The company’s activities include acquiring, drilling, completing and operating oil and natural gas wells.
Yangarra’s operations are concentrated in Alberta, particularly in the Cardium light-oil play in west-central Alberta. Its development strategy centers on horizontal drilling and multi-stage hydraulic fracturing to produce hydrocarbons from unconventional reservoirs.
The company markets the oil, natural gas and natural gas liquids produced from its properties through established Canadian energy infrastructure.
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