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Yaterra Ventures Corp. (YTRV) Stock Down in Mid-day Trading Today

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Yaterra Ventures Corp. (OTC: YTRV) is trading in the range of $0.026 and $0.045 during Wednesday’s trading session. The stock opened at $0.03 and is currently at $0.0279, up 5.28 percent from its previous close. YTRV volume is at 11.27 million shares. Its average daily trading volume stands at 168K shares. The company stock has traded in the range of $0.01 and $0.51 during its past 52 weeks. YTRV has a market capitalization of $457K and it reported its latest Earnings per Share at -$0.15.

The company has 14.13 million shares outstanding in the market. The company stock is trading below both the short-term 20-days moving price and long-term 50-days moving average price of $0.03. YTRV stock has beta of 2.62.

YTRV is close to ink a new deal to buy a lease property in Texas. The property consists of 4 wells and comes with recoverable reserves. The property is expected to yield 2.5 to 8 BOPD per well. YTRV is planning to grow by acquiring existing production facilities. Cedric Atkinson, CEO of YTRV said, “These wells are not considered or classified as ‘stripper wells’. This is an important factor because these particular wells will allow the company to bring a working asset to its balance sheet in the very near term.”

YTRV also outlined its future strategy. The company elaborated, “The intermediate goal is to utilize positive cash flows generated from production to perform workovers and recompletions as we look to build a diverse business model with multiple revenue streams.”

YTRV is involved in the business of acquiring, exploring and developing mineral properties. The company engages in rare earth minerals, lead, gold, silver and copper. It has 100 percent stake in Blue Jack property. The property consists of 10 mineral claims and is spread over 206 acres. It is located in Nevada. YTRV also owns interest in Minnie Claim in Washington state. The company is also diversified into the acquisition of oil and gas properties. It mainly concentrates on Texas properties. The company is based out of Lubbock and it was formed in 2006.

Posted by on Wednesday, September 12th, 2012. Filed under Internet, Stocks. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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