TAG Oil Ltd. (CVE:TAO – Get Free Report)’s share price fell 5% during mid-day trading on Thursday . The stock traded as low as C$0.10 and last traded at C$0.10. 949,500 shares were traded during trading, an increase of 96% from the average daily volume of 485,365 shares. The stock had previously closed at C$0.10.
TAG Oil Stock Performance
The firm has a 50-day simple moving average of C$0.08 and a two-hundred day simple moving average of C$0.09. The company has a market capitalization of C$30.80 million, a price-to-earnings ratio of -9.00 and a beta of -0.37.
About TAG Oil
TAG Oil Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas in Canada, the Middle East, and North Africa. The company was formerly known as Durum Cons. Energy Corp. and changed its name to TAG Oil Ltd. in June 2002. The company was incorporated in 1990 and is headquartered in Vancouver, Canada.
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