TAG Oil (CVE:TAO) Stock Price Down 5% – Time to Sell?

Shares of TAG Oil Ltd. (CVE:TAOGet Free Report) traded down 5% during mid-day trading on Thursday . The stock traded as low as C$0.10 and last traded at C$0.10. 949,500 shares changed hands during mid-day trading, an increase of 96% from the average session volume of 485,365 shares. The stock had previously closed at C$0.10.

TAG Oil Price Performance

The firm’s 50-day simple moving average is C$0.08 and its 200 day simple moving average is C$0.09. The firm has a market capitalization of C$30.80 million, a price-to-earnings ratio of -9.00 and a beta of -0.45.

About TAG Oil

(Get Free Report)

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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