TAG Oil Ltd. (CVE:TAO – Get Free Report)’s share price shot up 12.5% during mid-day trading on Tuesday. The stock traded as high as C$0.04 and last traded at C$0.04. 6,369,349 shares were traded during trading, an increase of 1,089% from the average session volume of 535,891 shares. The stock had previously closed at C$0.04.
TAG Oil Trading Up 25.0%
The firm has a market cap of C$17.11 million, a P/E ratio of -5.00 and a beta of -0.33. The firm’s 50 day moving average is C$0.09 and its two-hundred day moving average is 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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