TAG Oil Ltd. (CVE:TAO – Get Free Report) fell 3.8% during mid-day trading on Tuesday . The stock traded as low as C$0.11 and last traded at C$0.13. 913,366 shares traded hands during trading, an increase of 152% from the average session volume of 362,394 shares. The stock had previously closed at C$0.13.
TAG Oil Price Performance
The firm has a market capitalization of C$28.25 million, a price-to-earnings ratio of -3.04 and a beta of -0.05. The business’s fifty day simple moving average is C$0.15 and its 200 day simple moving average is C$0.21.
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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