Shares of TAG Oil Ltd. (CVE:TAO – Get Free Report) traded down 52.9% during trading on Monday. The stock traded as low as C$0.04 and last traded at C$0.04. 11,373,788 shares traded hands during trading, an increase of 2,175% from the average session volume of 499,972 shares. The stock had previously closed at C$0.09.
TAG Oil Stock Down 52.9%
The stock has a market capitalization of C$13.69 million, a P/E ratio of -4.00 and a beta of -0.33. The company has a fifty day moving average price of C$0.09 and a 200-day moving average price of C$0.08.
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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