TransAlta Corporation (TA:CA) Rises 6.7% for February 27

TransAlta Corporation (TA:CA) Rises 6.7% for February 27

February 27 was a positive day for TransAlta Corporation (TA:CA) as its stock finished the day having gained 6.7% to hit a price of $8.28 a share. The company reached a market cap of 2.36 billion and has 284.84 million shares outstanding. TransAlta Corporation is a component of the the S&P/TSX Composite Index.

1.76 million shares changed hands over the course of the day as compared to an average volume of 543,487 over the last 30 days for TransAlta Corporation.

TransAlta is an independent power producer based in Alberta, Canada. The company owns more than 70 power plants in Canada, the Western United States, and Australia. TransAlta’s net generating capacity is approximately 25% coal-fired and 25% natural gas-fired. The remaining 50% consists primarily of hydroelectric plants and wind energy farms. TransAlta also has an energy trading and marketing business and owns transmission lines.. The company makes its home in Calgary, AB, and is currently under the leadership of CEO Dawn L. Farrell.

TransAlta Corporation has hit a high of $7.90 and reached a low of $5.44 over its last year of trading. The stock’s 50-day SMA is now $6.79 and 200-day SMA is $6.95. As for its price valuations, the P/E ratio is at 0 and P/B is now 1.07.

Launched in 1977, the S&P/TSX Composite Index is widely recognized as the benchmark gauge for the broader Canadian equity market. According to TMX, the index cover approximately 95% of the Canadian equities market and only Canadian-based companies listed on the Toronto Stock Exchange are eligible to be included in the index.

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