Yangarra Resources Ltd. (TSE:YGR) reached a new 52-week high on Tuesday following insider buying activity. The company traded as high as C$3.67 and last traded at C$3.62, with a volume of 306,423 shares traded. The stock had previously closed at C$3.49.
Specifically, Director James Grant Evaskevich acquired 20,000 shares of Yangarra Resources stock in a transaction that occurred on Friday, September 15th. The stock was purchased at an average cost of C$3.40 per share, with a total value of C$68,000.00.
Separately, Pi Financial lifted their price objective on Yangarra Resources from C$3.75 to C$4.50 in a report on Tuesday, June 13th.
The company has a market capitalization of $293.68 million and a P/E ratio of 29.35. The firm has a 50-day moving average price of $3.29 and a 200-day moving average price of $3.02.
About Yangarra Resources
Yangarra Resources Ltd., a junior oil and gas company, explores, develops, and produces resource properties in Western Canada. It has oil and gas interests in various sections of land located in Central Alberta and Medicine Hat. Yangarra Resources Ltd. is headquartered in Calgary, Canada.
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