TransGlobe Energy (LON:TGL) Reaches New 1-Year Low at $99.00

TransGlobe Energy Co. (LON:TGL)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as GBX 99 ($1.29) and last traded at GBX 97.50 ($1.27), with a volume of 1474 shares changing hands. The stock had previously closed at GBX 100 ($1.31).

Separately, Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 265 ($3.46) price target on shares of TransGlobe Energy in a report on Monday, August 12th.

The company has a debt-to-equity ratio of 22.90, a current ratio of 3.41 and a quick ratio of 2.70. The stock has a market cap of $79.43 million and a price-to-earnings ratio of 3.58. The firm has a fifty day moving average of GBX 110.77 and a 200 day moving average of GBX 123.04.

In related news, insider Randall Clifford Neely purchased 24,700 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was purchased at an average price of GBX 136 ($1.78) per share, with a total value of £33,592 ($43,893.90).

About TransGlobe Energy (LON:TGL)

TransGlobe Energy Corporation, together with its subsidiaries, explores for, develops, and produces crude oil, natural gas, and natural gas liquids in Egypt and Canada. It holds working interests in West Gharib, West Bakr, North West Gharib, South Alamein, South Ghazalat, and North West Sitra production sharing concessions.

Read More: Return on Investment (ROI)

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