TransGlobe Energy (LON:TGL) Shares Cross Above Two Hundred Day Moving Average of $286.46

Shares of TransGlobe Energy Co. (LON:TGL – Get Rating) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 286.46 ($3.46) and traded as high as GBX 295 ($3.56). TransGlobe Energy shares last traded at GBX 295 ($3.56), with a volume of 567 shares trading hands.

TransGlobe Energy Stock Performance

The firm has a market cap of £216.26 million and a price-to-earnings ratio of 192.81. The stock has a 50 day moving average of GBX 295 and a 200 day moving average of GBX 286.46. The company has a quick ratio of 2.17, a current ratio of 2.26 and a debt-to-equity ratio of 2.14.

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.