Transglobe Energy (TGL) Shares Cross Below 200 DMA

In trading on Thursday, shares of Transglobe Energy Corporation (TSX: TGL.TO) crossed below their 200 day moving average of $4.88, changing hands as low as $4.87 per share. Transglobe Energy Corporation shares are currently trading off about 4.3% on the day. The chart below shows the one year performance of TGL shares, versus its 200 day moving average:

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Transglobe Energy Corporation 200 Day Moving Average Chart

Looking at the chart above, TGL's low point in its 52 week range is $3.23 per share, with $8.20 as the 52 week high point — that compares with a last trade of $4.91.

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