TransAtlantic Petroleum Ltd (TNP) Trading Up 18.4%

TransAtlantic Petroleum Ltd (TSE:TNP) (NYSE:TAT) shares were up 18.4% during mid-day trading on Tuesday . The company traded as high as C$0.90 and last traded at C$0.90. Approximately 9,100 shares changed hands during trading, an increase of 80% from the average daily volume of 5,055 shares. The stock had previously closed at C$0.76.

The stock’s 50-day moving average price is $1.13 and its 200 day moving average price is $1.56. The company’s market capitalization is $42.63 million.

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About TransAtlantic Petroleum

TransAtlantic Petroleum Ltd. is a holding company. The Company is an international oil and natural gas company engaged in acquisition, exploration, development and production. Its segments include Turkey and Bulgaria. The Company holds interests in approximately 880,000 and 567,000 net acres of developed and undeveloped oil and natural gas properties in Turkey and Bulgaria, respectively.

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