TransGlobe Energy (LON:TGL) Shares Pass Below 200 Day Moving Average of $114.13

TransGlobe Energy Co. (LON:TGL) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $114.13 and traded as low as $92.00. TransGlobe Energy shares last traded at $92.00, with a volume of 0 shares traded.

Separately, Canaccord Genuity reiterated a “buy” rating and issued a GBX 265 ($3.46) price target on shares of TransGlobe Energy in a research note on Monday, August 12th.

The stock’s 50 day moving average price is GBX 96.66 and its 200 day moving average price is GBX 113.84. The company has a current ratio of 2.94, a quick ratio of 2.03 and a debt-to-equity ratio of 19.79. The company has a market capitalization of $66.74 million and a price-to-earnings ratio of 1.91.

In related news, insider Randall Clifford Neely bought 24,700 shares of the stock in a transaction that occurred on Friday, September 27th. The shares were acquired at an average price of GBX 136 ($1.78) per share, with a total value of £33,592 ($43,893.90).

TransGlobe Energy Company Profile (LON:TGL)

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.

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