TransAlta Renewables (OTCMKTS:TRSWF) Trading Up 2.8% – Time to Buy?

TransAlta Renewables Inc. (OTCMKTS:TRSWF)’s share price rose 2.8% during mid-day trading on Monday . The company traded as high as $9.21 and last traded at $9.15. Approximately 28,900 shares changed hands during trading, an increase of 225% from the average daily volume of 8,885 shares. The stock had previously closed at $8.90.

TransAlta Renewables Trading Up 2.8%

The firm’s 50-day moving average price is $9.15 and its 200 day moving average price is $9.15.

TransAlta Renewables Company Profile

TransAlta Renewables Inc (OTCMKTS:TRSWF) is a Calgary-based renewable energy company established in December 2013 as a spin-off from TransAlta Corporation. The company specializes in owning, operating and acquiring clean power generation assets, with a focus on sustainable energy solutions. Since its inception, TransAlta Renewables has aimed to build a diversified portfolio that supports long-term contracted revenues and reliable power delivery.

The company’s asset base comprises wind farms, hydroelectric stations and gas-fired peaking facilities.