TransGlobe Energy (TSE:TGL) Stock Price Crosses Below 200 Day Moving Average of $0.00

Shares of TransGlobe Energy Co. (TSE:TGL) (NYSE:TGA) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as low as $1.97. TransGlobe Energy shares last traded at $1.97, with a volume of 7,300 shares.

The company has a fifty day simple moving average of C$1.87. The company has a current ratio of 2.47, a quick ratio of 2.00 and a debt-to-equity ratio of 24.14. The firm has a market cap of $147.99 million and a P/E ratio of 8.21.

TransGlobe Energy (TSE:TGL) (NYSE:TGA) last announced its earnings results on Monday, May 13th. The company reported C($0.16) EPS for the quarter. The firm had revenue of C$92.03 million during the quarter. As a group, sell-side analysts forecast that TransGlobe Energy Co. will post 0.39 EPS for the current year.

In other news, Senior Officer Edward Dale Ok purchased 20,000 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were acquired at an average price of C$1.89 per share, with a total value of C$37,884.00. Following the completion of the purchase, the insider now directly owns 45,615 shares of the company’s stock, valued at approximately C$86,403.93. Also, Director Randy Neely purchased 25,000 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were purchased at an average cost of C$1.89 per share, for a total transaction of C$47,250.00. Following the purchase, the director now directly owns 175,300 shares of the company’s stock, valued at C$331,317.

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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