Yangarra Resources (TSE:YGR) Reaches New 52-Week Low – Should You Sell?

Yangarra Resources Ltd. (TSE:YGR)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.94 and last traded at C$0.95, with a volume of 63437 shares changing hands. The stock had previously closed at C$1.01.

Wall Street Analyst Weigh In

Separately, National Bankshares dropped their price target on Yangarra Resources from C$1.50 to C$1.25 in a research note on Friday, September 27th.

Yangarra Resources Stock Down 2.1 %

The company has a market cap of C$92.81 million, a PE ratio of 2.29 and a beta of 2.19. The company has a debt-to-equity ratio of 21.37, a current ratio of 2.01 and a quick ratio of 0.91. The firm has a 50-day simple moving average of C$1.04 and a two-hundred day simple moving average of C$1.08.

Yangarra Resources (TSE:YGR) last announced its quarterly earnings results on Wednesday, October 30th. The oil and gas exploration company reported C$0.04 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.08 by C($0.04). The business had revenue of C$26.26 million for the quarter, compared to analyst estimates of C$33.20 million. Yangarra Resources had a net margin of 29.17% and a return on equity of 7.90%. Research analysts anticipate that Yangarra Resources Ltd. will post 0.490566 earnings per share for the current fiscal year.

Yangarra Resources Company Profile

Yangarra Resources Ltd., a junior oil and gas company, engages in the exploration, development, and production of oil and natural gas properties in Western Canada. The company focuses on the Cardium in Central Alberta. It also focuses on the Western Canadian Sedimentary basin. The company is headquartered in Calgary, Canada.