Stocks to Watch: TransAlta Corporation (TSX:TA) Down -2.53%

At close of market on Monday, TransAlta Corporation (TSX:TA) stock finished trading at -2.53%, bringing the stock price to $8.49 on the Toronto Stock Exchange. The stock price saw a low of $8.47 and a high of $8.77.

The company’s stock was traded 2,924 times with a total of 756,752 shares traded.

TransAlta Corporation has a market cap of $2.42 billion, with 284.64 million shares in issue.

TransAlta is an independent power producer based in Alberta, Canada. The company owns more than 70 power plants in Canada, the Western United States, and Australia. TransAlta’s net generating capacity is approximately 25% coal-fired and 25% natural gas-fired. The remaining 50% consists primarily of hydroelectric plants and wind energy farms. TransAlta also has an energy trading and marketing business and owns transmission lines.

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