In sliding 1.81%, Yangarra Resources Ltd. (TSX:YGR:CA) was one of the worst performing stocks in the miscellaneous sector of the TSX Venture Exchange on February 16. After closing the previous session at $2.77, shares of YGR:CA opened this morning at $2.72 and closed the day at $2.72. Throughout the day, about 99,029 shares changed hands, compared to an average 30-day volume of 329,210 for Yangarra Resources Ltd.. Shares moved as high as $2.82 and as low as $2.7 in today’s trading action.
The share depreciation gives the company a market capitalization of $221.09 million based upon 79.82 million shares outstanding.
In the past 52 weeks, shares of Yangarra Resources Ltd. have traded as low as $0.5 and as high as $2.8. Technical traders will take note that at $2.72, shares of YGR:CA are trading above their 50-day moving average (MA) at $2.096 and above their 200-day MA at above $1.404. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath or holding under them is typically regarded as bearish.
Who is $Yangarra Res Ltd?
Yangarra Resources Ltd is an oil and natural gas company. The Company is engaged in the production, exploration and development of resource properties in the Central Alberta, Medicine Hat and Jaslan areas of Alberta. The company is led by its CEO James Evaskevich from its headquarters at 715-5 Avenue South West.
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About the TSX Venture Exchange
Owned and operated by the TMX Group, the TSX Venture Exchange is a public venture capital marketplace for emerging companies. It is headquartered in Calgary, Alberta, Canada with offices in Toronto, Vancouver and Montreal. All trading on the exchange is done electronically. Originally established in 1999, the “Venture,” as it is often shortened, was previously known as the Canadian Venture Exchange, but renamed in 2001 subsequent to the TSX Group (now known as the TMX Group) purchasing it.
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