TAG Oil (CVE:TAO) Trading Down 5% – Here’s Why

TAG Oil Ltd. (CVE:TAOGet Free Report) shares fell 5% during mid-day trading on Thursday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 949,500 shares were traded during trading, an increase of 96% from the average session volume of 485,365 shares. The stock had previously closed at C$0.10.

TAG Oil Stock Performance

The stock has a fifty day moving average price of C$0.08 and a 200-day moving average price of C$0.09. The firm has a market cap of C$30.80 million, a PE ratio of -9.00 and a beta of -0.45.

TAG Oil Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for TAG Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TAG Oil and related companies with MarketBeat.com's FREE daily email newsletter.