TransGlobe Energy (TSE:TGL) Shares Cross Below 200 Day Moving Average of $4.85

TransGlobe Energy Co. (TSE:TGLGet Rating) (NYSE:TGA)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$4.85 and traded as low as C$3.86. TransGlobe Energy shares last traded at C$3.98, with a volume of 133,623 shares traded.

TransGlobe Energy Price Performance

The stock has a market capitalization of C$291.77 million and a P/E ratio of 1.81. The company has a current ratio of 2.26, a quick ratio of 2.17 and a debt-to-equity ratio of 2.14. The company has a fifty day simple moving average of C$4.28 and a two-hundred day simple moving average of C$4.85.

About TransGlobe Energy

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TransGlobe Energy Corporation, together with its subsidiaries, engages in the acquisition, exploration, development, and production of crude oil and natural gas in Egypt and Canada. The company holds interests in four production sharing concessions, which include West Gharib, West Bakr, NW Gharib, and South Ghazalat, Egypt; and owns production and working interests in facilities in the Cardium light oil and Mannville liquid-rich gas assets in the Harmattan area of west central Alberta, Canada.

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