TAG Oil Ltd. (CVE:TAO – Get Free Report) shares traded down 5.9% during mid-day trading on Monday . The company traded as low as C$0.16 and last traded at C$0.16. 89,225 shares were traded during mid-day trading, a decline of 81% from the average session volume of 463,481 shares. The stock had previously closed at C$0.17.
TAG Oil Trading Down 5.9 %
The firm has a market cap of C$29.62 million, a price-to-earnings ratio of -3.20 and a beta of -0.05. The firm’s 50-day moving average is C$0.15 and its 200-day moving average is C$0.23.
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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