TAG Oil Ltd. (CVE:TAO – Get Free Report)’s share price dropped 52.9% during mid-day trading on Monday. The company traded as low as C$0.04 and last traded at C$0.04. Approximately 11,373,788 shares changed hands during mid-day trading, an increase of 2,175% from the average daily volume of 499,972 shares. The stock had previously closed at C$0.09.
TAG Oil Stock Performance
The company’s 50-day moving average is C$0.09 and its 200 day moving average is C$0.08. The company has a market capitalization of C$13.69 million, a PE ratio of -4.00 and a beta of -0.33.
TAG Oil Company Profile
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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