TransGlobe Energy (TGL) Trading 1.1% Higher

Shares of TransGlobe Energy Co. (TSE:TGL) (NYSE:TGA) traded up 1.1% during mid-day trading on Friday . The company traded as high as C$1.79 and last traded at C$1.78. 63,600 shares changed hands during trading, an increase of 1% from the average session volume of 63,167 shares. The stock had previously closed at C$1.76.

Separately, Scotiabank set a C$2.75 price objective on TransGlobe Energy and gave the company a “sector perform” rating in a research report on Thursday, December 21st.

The company has a market cap of $119.76, a price-to-earnings ratio of -0.91 and a beta of 0.49.

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About TransGlobe Energy

TransGlobe Energy Corporation is an oil exploration and production company. The Company’s activities are concentrated in the Arab Republic of Egypt (Egypt). The Company conducts its operations through the Arab Republic of Egypt segment. The Company is primarily engaged in oil exploration, development, production and the acquisition of properties.

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