National Bank Financial downgraded shares of Surge Energy (OTCMKTS:YGRAF) from an outperform rating to a sector perform rating in a research report released on Wednesday morning, The Fly reports.
Separately, Canaccord Genuity downgraded Surge Energy from a buy rating to a hold rating in a research report on Tuesday.
Shares of OTCMKTS:YGRAF opened at $0.28 on Wednesday. Surge Energy has a 52-week low of $0.29 and a 52-week high of $2.74.
About Surge Energy
Yangarra Resources Ltd., a junior oil and gas company, explores for, develops, and produces resource properties in Western Canada. The company holds oil and gas interests in various sections, primarily focusing on Cardium in Central Alberta. Yangarra Resources Ltd. is headquartered in Calgary, Canada.