Insider Buying: TAG Oil Ltd (TSE:TAO) Director Buys 200,000 Shares of Stock

TAG Oil Ltd (TSE:TAOGet Rating) Director Toby Robert Pierce acquired 200,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 13th. The shares were bought at an average price of C$0.30 per share, with a total value of C$60,000.00. Following the transaction, the director now owns 610,700 shares in the company, valued at approximately C$183,210.

The company has a market capitalization of C$11.10 million and a price-to-earnings ratio of 1.86. The company has a debt-to-equity ratio of 0.26, a quick ratio of 81.14 and a current ratio of 81.24. TAG Oil Ltd has a fifty-two week low of C$0.09 and a fifty-two week high of C$0.42. The company’s fifty day simple moving average is C$0.13.

About TAG Oil (Get Rating)

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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