TAG Oil (TSE:TAO – Get Free Report) had its target price lowered by stock analysts at Ventum Financial from C$1.10 to C$0.50 in a note issued to investors on Monday,BayStreet.CA reports.
TAG Oil Stock Performance
The company has a market cap of C$11.10 million and a P/E ratio of 1.86. The company has a quick ratio of 81.14, a current ratio of 81.24 and a debt-to-equity ratio of 0.26. The firm’s 50-day moving average price is C$0.13. TAG Oil has a 12-month low of C$0.09 and a 12-month high of C$0.42.
Insiders Place Their Bets
In other news, Director Abdel Fattah Badwi acquired 200,000 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was bought at an average cost of C$0.15 per share, for a total transaction of C$30,000.00.
About TAG Oil
TAG Oil Ltd. engages in the exploration, development, and production of oil and gas in Canada, New Zealand, and Australia. The company operates eight exploration and production permits in New Zealand; and an exploration and production permit in Australia. It holds interests in the Taranaki basin located in New Zealand; and a 100% interests in the Petroleum Lease 17 permit that covers 25,700 acres area located in the Surat Basin in Australia.
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