TransGlobe Energy Corporation (USA) (NASDAQ:TGA) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: September 20, 2016
Having a price of $1.95, TransGlobe Energy Corporation (USA) (NASDAQ:TGA) traded -1.01% lower on the day. With the last stock price up 9.27% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. TGA has recorded a 50-day average of $1.87 and a two hundred day average of $1.79. Trade Volume was down over the average, with 48,103 shares of TGA changing hands under the typical 77,650
Zacks Investment Research has downgraded TransGlobe Energy Corporation (USA) (NASDAQ:TGA) to Sell in a statement released on Tuesday September 20, 2016.
Recent Performance Chart
TransGlobe Energy Corporation (USA) has with a one year low of $1.00 and a one year high of $3.12 and has a market capitalization of $0.
General Company Details For TransGlobe Energy Corporation (USA) (NASDAQ:TGA)
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. It holds interests in various production sharing concessions (PSC) in Eastern Desert Egypt and Western Desert Egypt. Its blocks in Eastern Desert Egypt include West Gharib, which covers approximately 34,860 acres; West Bakr, covering over 11,600 acres; North West (NW) Gharib, covering approximately 162,000 acres; South East (SE) Gharib, which covers over 125,650 acres, and South West (SW) Gharib, covering approximately 48,310 acres. Its blocks in the Western Desert Egypt include South Alamein, covering approximately 335,830 acres; South Ghazalat, covering over 465,300 acres, and North West (NW) Sitra, covering approximately 480,850 acres.
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