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TransGlobe Energy (TGA) Catches Eye: Stock Jumps 9.6%

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TransGlobe Energy Corporation (TGA - Free Report) was a big mover last session, as the company saw its shares rise almost 10% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $1.61 to $2.10 in the past one-month time frame.

In the last 30 days, the company has seen one downward estimate revision and the Zacks Consensus Estimate also moved lower, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.     

TransGlobe Energy currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

A better-ranked stock from the broader Basic Materials sector is First Majestic Silver Corp. (AG - Free Report) , which holds a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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