TAG Oil Ltd. (CVE:TAO – Get Free Report)’s share price fell 10% on Friday . The company traded as low as C$0.09 and last traded at C$0.09. 1,403,024 shares changed hands during trading, an increase of 70% from the average session volume of 826,014 shares. The stock had previously closed at C$0.10.
TAG Oil Stock Down 5.0%
The company has a market capitalization of C$21.51 million, a price-to-earnings ratio of -9.50 and a beta of 0.00. The company has a 50-day moving average price of C$0.10 and a 200-day moving average price of C$0.10.
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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