Yangarra Resources Ltd (TSE:YGR) Director Neil M. Mackenzie Acquires 10,000 Shares
Yangarra Resources Ltd (TSE:YGR) Director Neil M. Mackenzie acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 5th. The stock was purchased at an average cost of C$4.17 per share, for a total transaction of C$41,700.00.
TSE YGR traded up C$0.16 during midday trading on Friday, hitting C$4.30. 537,000 shares of the company traded hands, compared to its average volume of 251,374. Yangarra Resources Ltd has a 52 week low of C$3.13 and a 52 week high of C$6.50.
Several research analysts recently issued reports on the company. Industrial Alliance Securities increased their price objective on Yangarra Resources from C$7.75 to C$8.25 in a research note on Thursday, August 9th. Raymond James increased their price objective on Yangarra Resources from C$7.50 to C$8.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, May 30th. Finally, CIBC increased their target price on Yangarra Resources from C$7.50 to C$8.25 in a research report on Friday.
Yangarra Resources Ltd., a junior oil and gas company, explores for, develops, and produces resource properties in Western Canada. The company 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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