Shares of TransAlta Renewables Inc. (OTCMKTS:TRSWF – Get Free Report) shot up 2.8% during trading on Tuesday. The stock traded as high as $9.21 and last traded at $9.15. 28,900 shares traded hands during trading, an increase of 225% from the average session volume of 8,885 shares. The stock had previously closed at $8.90.
TransAlta Renewables Stock Performance
The company’s 50-day moving average is $9.15 and its 200 day moving average is $9.15.
TransAlta Renewables Company Profile
TransAlta Renewables Inc was a Canadian power-generation company focused on owning and operating renewable and other contracted electricity-generation assets. Its portfolio included wind, hydroelectric and natural gas-fired facilities, along with related energy infrastructure and power purchase agreements.
The company served electricity markets primarily in Canada, the United States and Australia. Its renewable portfolio included wind and hydroelectric projects, while its natural gas assets provided additional generation capacity under long-term commercial arrangements.
TransAlta Renewables was established as a publicly traded subsidiary of TransAlta Corporation.
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