TAG Oil Ltd. (CVE:TAO – Get Free Report)’s stock price fell 11.1% during mid-day trading on Wednesday. The company traded as low as C$0.04 and last traded at C$0.04. 3,074,959 shares were traded during mid-day trading, an increase of 401% from the average daily volume of 614,326 shares. The stock had previously closed at C$0.04.
TAG Oil Trading Down 11.1%
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 50-day moving average price of C$0.08 and a 200 day moving average price of C$0.09.
Insider Transactions at TAG Oil
In other news, Director Abdel Fattah Badwi bought 1,095,000 shares of TAG Oil stock in a transaction on Thursday, October 22nd. The stock was acquired at an average cost of C$0.05 per share, for a total transaction of C$54,750.00. Following the completion of the acquisition, the director owned 15,010,000 shares of the company’s stock, valued at C$750,500. This trade represents a 7.87% increase in their position. 8.15% of the stock is owned by company insiders.
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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