TransAlta Renewables (TSE:RNW) Shares Up 1.1% – Here’s Why

Shares of TransAlta Renewables Inc. (TSE:RNW) shot up 1.1% during mid-day trading on Monday . The company traded as high as C$12.49 and last traded at C$12.48. 880,836 shares changed hands during trading, an increase of 51% from the average session volume of 582,037 shares. The stock had previously closed at C$12.34.

TransAlta Renewables Price Performance

The business has a 50 day moving average price of C$12.48. The stock has a market cap of C$3.33 billion, a P/E ratio of 41.60, a price-to-earnings-growth ratio of 2.71 and a beta of 0.74. The company has a debt-to-equity ratio of 48.12, a current ratio of 0.87 and a quick ratio of 0.82.

TransAlta Renewables Company Profile

TransAlta Renewables Inc owns, develops, and operates renewable and natural gas power generation facilities and other infrastructure assets in Canada, the United States, and Australia. The company operates through Canadian Wind, Canadian Hydro, Canadian Gas, US Wind and Solar, US Gas, and Australian Gas segments.