Yorkton Equity Group (CVE:YEG) Shares Down 13.6% – Here’s Why

Yorkton Equity Group Inc. (CVE:YEG) shares traded down 13.6% during trading on Friday . The stock traded as low as C$0.18 and last traded at C$0.19. 102,350 shares traded hands during mid-day trading, an increase of 842% from the average session volume of 10,861 shares. The stock had previously closed at C$0.22.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$0.34 target price on shares of Yorkton Equity Group and gave the stock a “buy” rating in a research report on Tuesday, May 6th.

Yorkton Equity Group Stock Performance

The firm’s 50 day simple moving average is C$0.20 and its 200-day simple moving average is C$0.20. The company has a market capitalization of C$21.41 million, a price-to-earnings ratio of 4.75 and a beta of 1.19. The company has a debt-to-equity ratio of 384.03, a quick ratio of 0.84 and a current ratio of 0.37.

About Yorkton Equity Group

Yorkton Equity Group Inc operates as a real estate investment company in Canada. It owns a portfolio of multi-family residential rental properties comprising residential units and commercial unit in Alberta and British Columbia. The company is based in Edmonton, Canada.