Shares of TransAtlantic Petroleum (AMEX:TAT) traded at a new 52-week low today of $0.74. So far today approximately 407,000 shares have been exchanged, as compared to an average 30-day volume of 192,000 shares.
TransAtlantic Petroleum Ltd. explores for and produces crude oil and natural gas. The Company holds interests in developed and undeveloped oil and gas properties in Turkey, Morocco, Romania, and the United States.
In the past 52 weeks, shares of TransAtlantic Petroleum have traded between the current low of $0.74 and a high of $1.64 and are now at $0.75. The 200-day and 50-day moving averages have moved 0.8% lower and 2% lower over the past week, respectively.
TransAtlantic Petroleum (AMEX:TAT) has potential upside of 96.8% based on a current price of $0.75 and analysts' consensus price target of $1.47. The stock should run into initial resistance at its 50-day moving average (MA) of $0.91 and subsequent resistance at its 200-day MA of $1.06.