TransGlobe Energy (TSE:TGL) Shares Down 0.4% – Here’s Why

TransGlobe Energy Co. (TSE:TGL) (NYSE:TGA)’s stock price traded down 0.4% during trading on Monday . The stock traded as low as C$4.91 and last traded at C$5.06. 384,763 shares traded hands during mid-day trading, an increase of 257% from the average session volume of 107,897 shares. The stock had previously closed at C$5.08.

TransGlobe Energy Stock Down 0.4 %

The stock has a fifty day simple moving average of C$5.06. The stock has a market cap of C$370.90 million, a P/E ratio of 2.18, a price-to-earnings-growth ratio of 1.46 and a beta of 2.63. The company has a debt-to-equity ratio of 2.14, a current ratio of 2.26 and a quick ratio of 2.17.

TransGlobe Energy Company Profile

TransGlobe Energy Corporation, together with its subsidiaries, engages in the acquisition, exploration, development, and production of crude oil and natural gas in Egypt and Canada. The company holds interests in four production sharing concessions, which include West Gharib, West Bakr, 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.