Shares of TAG Oil Ltd. (CVE:TAO – Get Free Report) rose 5.1% during mid-day trading on Thursday . The company traded as high as C$0.15 and last traded at C$0.15. Approximately 140,633 shares were traded during trading, a decline of 37% from the average daily volume of 223,466 shares. The stock had previously closed at C$0.14.
TAG Oil Price Performance
The company’s 50 day moving average price is C$0.15. The stock has a market cap of C$26.84 million, a P/E ratio of -2.90 and a beta of -0.05.
TAG Oil Company Profile
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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