TransGlobe Energy Corporation (TGL:CA) Rises 5.13% for March 27

Equities Staff  |

March 27 was a positive day for TransGlobe Energy Corporation (TGL:CA) as its stock finished the day having gained 5.13% to hit a price of $2.46 a share. The company reached a market cap of 178.33 million and has 72.49 million shares outstanding. TransGlobe Energy Corporation is a component of the the S&P/TSX SmallCap Index.

44,679 shares changed hands over the course of the day as compared to an average volume of n/a over the last 30 days for TransGlobe Energy Corporation.

TransGlobe Energy Corp is a Canadian company which is engaged in oil and natural gas exploration, development and production, and the acquisition of properties. The company has two geographical segments namely the Arab Republic of Egypt and Canada. It generates maximum revenue from the Egypt region. The company holds interests in various production sharing concessions (PSC) in Eastern Desert Egypt and Western Desert Egypt. Its blocks in Eastern Desert Egypt include West Gharib, West Bakr, NW Gharib and blocks in the Western Desert Egypt includes South Alamein, South Ghazalat and North West Sitra.. The company makes its home in Calgary, AB, and is currently under the leadership of CEO Randall Neely.

TransGlobe Energy Corporation has hit a high of $5.45 and reached a low of $1.58 over its last year of trading. The stock’s 50-day SMA is now $n/a and 200-day SMA is $n/a. As for its price valuations, the P/E ratio is at n/a and P/B is now 0.6.

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The S&P/TSX SmallCap Index tracks over 200 Canadian small-cap stocks for cumulative performance. Relying on market cap weighting to calculate returns, it’s an index similar in composition to the Russell 2000, only focused on Canadian companies and much smaller in terms of its total membership. Widely recognized as the benchmark for small-cap Canadian stocks, the member companies must have a market cap between C$100 million and C$1.5 billion and an average share price of at least C$1.

To get more information on TransGlobe Energy Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: TGL:CA’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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