Yangarra Resources (TSE:YGR) had its target price lowered by Raymond James from C$6.50 to C$4.00 in a research note issued to investors on Thursday morning, BayStreet.CA reports.
YGR has been the subject of several other reports. Canaccord Genuity reaffirmed a buy rating and issued a $7.50 price objective on shares of in a report on Tuesday, July 9th. National Bank Financial cut their price objective 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.
Yangarra Resources stock opened at C$1.88 on Thursday. Yangarra Resources has a twelve month low of C$1.80 and a twelve month high of C$5.80. The company’s 50 day moving average is C$2.26. The company has a market cap of $160.48 million and a P/E ratio of 4.18. The company has a quick ratio of 0.63, a current ratio of 0.67 and a debt-to-equity ratio of 65.52.
In other Yangarra Resources news, Director James Grant Evaskevich acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The stock was bought at an average cost of C$3.45 per share, with a total value of C$34,500.00. Following the acquisition, the director now owns 2,527,118 shares in the company, valued at C$8,718,557.10.
About Yangarra Resources
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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