Triangle Petroleum Corporation (TPLM) Shares are Down -1.19%

Triangle Petroleum Corporation (TPLM) has risen sharply, recording gains of 19.77% in the past 4 weeks. However, the stock has corrected -1.19% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 20.42% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 3.85% and the 50-Day Moving Average is 9.1%.The 200 Day SMA reached 34.01%


Triangle Petroleum Corporation (NYSEMKT:TPLM): The stock opened in the green at $0.279 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $0.287 and a low of $0.27 for the day. The stock did not find buyers even at the lows and closed at $0.275 recording a loss of -1.65%. 1,144,664 shares exchanged hands during the trading day. The stock had closed at $0.275 in the previous days trading.

Triangle Petroleum Corporation is an energy holding company. The Company has three principal lines of business: oil and natural gas exploration, development, and production; oilfield services, and midstream services. It conducts these activities in the Williston Basin of North Dakota and Montana through the Companys two principal wholly owned subsidiaries and its equity joint venture. Triangle USA Petroleum Corporation (TUSA) conducts its exploration and production operations by acquiring and developing unconventional shale oil and natural gas resources. RockPile Energy Services, LLC (RockPile) is a provider of hydraulic pressure pumping and complementary services. Caliber Midstream Partners, L.P. (Caliber) is its 28.3%-owned joint venture with First Reserve Energy Infrastructure Fund (FREIF). Caliber provides crude oil, natural gas and fresh and produced water gathering, processing, and transportation services.

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