Shares of TransAlta Renewables Inc. (OTCMKTS:TRSWF – Get Free Report) were up 2.8% on Wednesday. The company traded as high as $9.21 and last traded at $9.15. Approximately 28,900 shares were traded during mid-day trading, an increase of 225% from the average session volume of 8,885 shares. The stock had previously closed at $8.90.
TransAlta Renewables Price Performance
The company’s 50-day moving average is $9.15 and its two-hundred day moving average is $9.15.
About TransAlta Renewables
TransAlta Renewables Inc was a Canadian renewable power company focused on owning and operating renewable and natural gas power generation facilities. Its portfolio included hydroelectric, wind and natural gas assets, as well as related energy infrastructure and contracted power-generation operations.
The company served electricity markets in Canada, the United States and Australia. Its business was primarily based on selling electricity and related products under long-term power purchase agreements and other commercial arrangements, providing exposure to a geographically diverse portfolio of generation assets.
TransAlta Renewables was established as a subsidiary of TransAlta Corporation and became a separately traded company in 2013.
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