Tgs Asa (OTCMKTS:TGSNF) Shares Up 6.1% – Here’s Why

Shares of Tgs Asa (OTCMKTS:TGSNF) shot up 6.1% during mid-day trading on Friday . The stock traded as high as $12.50 and last traded at $12.50. 600 shares traded hands during mid-day trading, a decline of 47% from the average session volume of 1,128 shares. The stock had previously closed at $11.78.

Tgs Asa Stock Performance

The business has a 50-day simple moving average of $9.95 and a two-hundred day simple moving average of $8.79.

About Tgs Asa

TGS ASA is a global provider of geoscience data and intelligence, serving the oil and gas industry with a focus on multi-client subsurface information. Headquartered in Oslo, Norway, the company specializes in the acquisition, processing and interpretation of marine and onshore seismic data. Since its founding in 1981, TGS has built one of the industry’s largest multi-client libraries, covering key hydrocarbon basins around the world.

The company’s core services include 2D and 3D seismic surveys, electromagnetic (EM) studies, gravity and magnetic data, well logs and related geological and geophysical products.