TransGlobe Energy (TSE:TGL) Sets New 1-Year Low at $1.45

TransGlobe Energy Co. (TSE:TGL) (NYSE:TGA) reached a new 52-week low during mid-day trading on Friday . The company traded as low as C$1.45 and last traded at C$1.51, with a volume of 20000 shares traded. The stock had previously closed at C$1.48.

Separately, Royal Bank of Canada dropped their price objective on shares of TransGlobe Energy from C$4.50 to C$4.00 in a report on Monday, October 21st.

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 $110.26 million and a P/E ratio of 2.95. The business’s fifty day moving average price is C$1.58 and its 200-day moving average price is C$1.83.

In other TransGlobe Energy news, Director Randy Neely purchased 24,700 shares of the stock in a transaction on Friday, September 27th. The stock was acquired at an average cost of C$1.36 per share, with a total value of C$33,567.30. Following the completion of the purchase, the director now directly owns 200,000 shares of the company’s stock, valued at approximately C$271,800.

TransGlobe Energy Company Profile (TSE:TGL)

TransGlobe Energy Corporation, together with its subsidiaries, engages in the exploration, development, and production of crude oil and natural gas in Egypt and Canada. The company holds an interest in five production sharing concessions, including West Gharib, West Bakr, South Alamein, 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.

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