NEW YORK (
) hit a new 52-week low Monday as it is currently trading at $4.23, below its previous 52-week low of $4.35 with 690,541 shares traded as of 11:52 a.m. ET. Average volume has been 475,800 shares over the past 30 days.
Triangle has a market cap of $213 million and is part of the
industry. Shares are down 27.2% year to date as of the close of trading on Friday.
Triangle Petroleum Corporation engages in the acquisition, exploration, and development of unconventional shale oil resources in the Bakken Shale and Three Forks formations in the Williston Basin of North Dakota and Montana.
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TheStreet Ratings rates Triangle as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, robust revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full
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