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Yangarra Resources Ltd T.YGR

Alternate Symbol(s):  YGRAF

Yangarra Resources Ltd. is a Canadian junior oil and gas company engaged in the exploration, development and production of clean natural gas and conventional oil. The Company has its main focus in the Western Canadian Sedimentary Basin. The Company has developed its land base to target the halo Cardium at Ferrier, Chedderville, Cow Lake, Chambers, O’Chiese, and Willesden Green with a focus on exploiting the prolific bioturbated zone as part of the entire Cardium package.


TSX:YGR - Post by User

Post by pennydredfulon Nov 09, 2023 2:31pm
133 Views
Post# 35726700

The company needs to do a 1for3 reverse split

The company needs to do a 1for3 reverse split This   would   put   the shares   about   5.00   where  they  would  be marginable  and  institutions  would  give  them  greater  consideration.  In   other  words   we   would   have  potentially   at least more   buying  power    even   from  existing   shareholders  .  Not   sure   where  the short position  is today  but   in the  past  and currently  in general  American  professional  shorters   having  been  exploiting   certain  small  cap names  like YGR  due   to  the elimination  of   the   UP  TICK  rule  by regulators in Canada  BUT  NOT   the   USA   .  The  UP  TICK  rule   means  you  can  only  short  on   an  uptick or sidetick  NOT   a downtick.   These   American  shorters   have  been  exploiting  this  loop hole   in  Canada  as  it  is   not   available  in  the   USA    .  For    example  say   I  am short  ABC   Corp.    .   On   Friday    at   3.59  PM    I can place   an  at   the market  order   to   short   10000 shares   .   On    a stock   like    YGR     this    could result  in stock dropping   from  1,69  to  say  1.55 at   the close.  
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