Triangle Petroleum (TPLM) was among the biggest gainers on the Russell 2000 for Wednesday March 16 as the stock popped 12.6% to $1.01, representing a gain of $0.113 per share. Some 1.1 million shares traded hands on 2,436 trades, compared with an average daily volume of 861,644 shares out of a total float of 75.71 million. The stock opened at $0.95 and traded with an intraday range of $1.10 to $0.94.
After today’s gains, Triangle Petroleum reached a market cap of $76.47 million. Triangle Petroleum has had a trading range between $6.49 and $0.30 over the last year, and it had a 50-day SMA of $0.54 and a 200-day SMA of $2.12.
Triangle Petroleum Corp is an independent energy holding company. It operates through three line of business oil and natural gas exploration, development and production; oilfield services; and midstream services.
Triangle Petroleum is based out of Denver, CO and has some 562 employees. Its CEO is Jonathan Samuels.
For a complete fundamental analysis analysis of Triangle Petroleum, check out Equities.com’s Stock Valuation Analysis report for TPLM. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.
The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.
Source: Equities .com