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

Separately, Scotiabank reiterated a “sector perform” rating and set a C$2.75 price objective on shares of TransGlobe Energy in a research report on Tuesday, October 17th.

The firm has a market cap of $136.26, a PE ratio of -0.99 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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