Home / Basic Materials / Transglobe Energy Corp (TGA) Dives 3.27% in Morning Session on April 21

Transglobe Energy Corp (TGA) Dives 3.27% in Morning Session on April 21

Transglobe Energy Corp (TGA) lost ground during morning trading on April 21 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the basic materials sector halfway through the trading day. At the lunch break, shares of TGA have fallen 3.27% to $1.48 after closing the day prior at $1.53. So far, the stock has traded as high as $1.54 and as low as $1.47. Today’s decline has come with about 30,270 shares changing hands, compared to an average 30-day volume of 86,819 for Transglobe Energy Corp. The price is currently below the 30-day volume weighted average price of $1.49 for TGA.

The share depreciation gives the company a market capitalization of $110.47 million based upon 72.21 million shares outstanding. It also means that TGA has a price-to-book ratio of 0.38:1.

In the past 52 weeks, shares of TGA have traded as low as $1.46 and as high as $2.25. Technical traders will take note that at $1.48, shares of TGA are trading below their 200-day MA at $1.77 and below their 50-day MA at $1.61. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.

Who is TGA?

TransGlobe Energy Corp together with its subsidiaries is engaged in oil and gas exploration, development and production and the acquisition of properties. The company’s 77 employees are led by CEO Ross G. Clarkson from the corporate headquarters at 250 – 5th Street SW in Calgary, AB.

For more information on TGA and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

All data provided by QuoteMedia, with stock data accurate as of 12:00 PM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information.

About FinancialPress.com

FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here. If you like this article, you can read more at FinancialPress.com

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of FinancialPress.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://financialpress.com/legal-disclaimer/.

Check Also

Shares of TSX Venture Miscellaneous Company Xiana Mining Inc (CDX:XIA:CA) Fall 11.11% on April 29

In sliding 11.11%, Xiana Mining Inc (CDX:XIA:CA) was one of the worst performing stocks in …