Triangle Petroleum (TPLM) Drops 11.74% on January 06

Equities Staff |

Triangle Petroleum (TPLM) was one of the Russell 2000's biggest losers for Wednesday January 06 as the stock slid 11.74% to $0.64, a loss of $-0.0851 per share. Starting at an opening price of $0.75 a share, the stock traded between $0.63 and $0.75 over the course of the trading day. Volume was 432,629 shares over 1,126 trades, against an average daily volume of 1.11 million shares and a total float of 75.71 million.

The losses send Triangle Petroleum down to a market cap of $48.46 million. In the last year, Triangle Petroleum has traded between $6.49 and $0.50, and its 50-day SMA is currently $0.92 and 200-day SMA is $3.29.

Triangle Petroleum Corp is an independent energy holding company. It operates through three line of business oil and natural gas exploration, development and production; oilfield services; and midstream services.

Triangle Petroleum is based out of Denver, CO and has some 562 employees. Its CEO is Jonathan Samuels / Curt Dacar.

For a complete fundamental analysis analysis of Triangle Petroleum, check out Equities.com’s Stock Valuation Analysis report for TPLM. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

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



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