TAG Oil Ltd. (CVE:TAO – Get Free Report) Director Abdel Fattah Badwi purchased 1,095,000 shares of the stock in a transaction dated Thursday, October 22nd. The shares were acquired at an average price of C$0.05 per share, with a total value of C$54,750.00. Following the completion of the acquisition, the director owned 15,010,000 shares in the company, valued at approximately C$750,500. This trade represents a 7.87% increase in their position.
TAG Oil Stock Performance
TAG Oil stock opened at C$0.04 on Friday. TAG Oil Ltd. has a 1 year low of C$0.04 and a 1 year high of C$0.14. The company’s 50 day simple moving average is C$0.08 and its 200-day simple moving average is C$0.08. The company has a market capitalization of C$13.69 million, a price-to-earnings ratio of -4.00 and a beta of -0.33.
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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