TransGlobe Energy Co. (TSE:TGL) (NYSE:TGA) fell 1.6% on Wednesday . The company traded as low as C$1.84 and last traded at C$1.90. 70,553 shares changed hands during trading, an increase of 13% from the average session volume of 62,325 shares. The stock had previously closed at C$1.87.

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

In related news, insider Randy Neely acquired 35,000 shares of TransGlobe Energy stock in a transaction that occurred on Tuesday, September 12th. The stock was acquired at an average price of C$1.45 per share, for a total transaction of C$50,750.00.

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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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