TAG Oil Ltd (TAO) Hits New 12-Month Low at $0.41

TAG Oil Ltd (TSE:TAO) hit a new 52-week low on Friday . The stock traded as low as C$0.41 and last traded at C$0.44, with a volume of 97,950 shares traded. The stock had previously closed at C$0.43.

The firm has a 50 day moving average of $0.46 and a 200 day moving average of $0.57. The firm has a market cap of $38.38 million and a price-to-earnings ratio of 1.23.

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TAG Oil Company Profile

TAG Oil Ltd. engages in the exploration, development, and production of oil and gas. The company operates eight exploration and production permits in New Zealand; and an exploration and production permit in Australia. It holds interests in the Taranaki basin located in New Zealand; and a 100% interests in the Petroleum Lease 17 permit that covers 25,700 acres area, which is located in the Surat Basin in Australia.

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