TransGlobe Energy (LON:TGL) Stock Crosses Above 200 Day Moving Average of $0.00
TransGlobe Energy Co. (LON:TGL)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $115.00. TransGlobe Energy shares last traded at $120.00, with a volume of 5,000 shares changing hands.
Separately, Canaccord Genuity raised Nuvista Energy to a “buy” rating in a research note on Tuesday, April 9th.
The company’s 50 day moving average is GBX 115.55. The company has a current ratio of 2.47, a quick ratio of 2.00 and a debt-to-equity ratio of 24.14. The stock has a market capitalization of $79.43 million and a P/E ratio of 5.11.
TransGlobe Energy Corporation, together with its subsidiaries, explores for, develops, and produces crude oil, natural gas, and natural gas liquids in Egypt and Canada. It holds working interests in West Gharib, West Bakr, North West Gharib, South Alamein, South Ghazalat, and North West Sitra production sharing concessions.
Further Reading: What is Considered a Good Return on Equity (ROE)?
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