TransGlobe Energy (TSE:TGL) Stock Price Crosses Below Two Hundred Day Moving Average of $4.85

TransGlobe Energy Co. (TSE:TGLGet Rating) (NYSE:TGA)’s share 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 trading hands.

TransGlobe Energy Stock Up 0.8 %

The company has a debt-to-equity ratio of 2.14, a current ratio of 2.26 and a quick ratio of 2.17. The company has a market capitalization of C$291.77 million and a P/E ratio of 1.81. The stock has a 50-day moving average price of C$4.28 and a 200-day moving average price 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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