TAG Oil (CVE:TAO) Stock Price Up 12.5% – Should You Buy?

TAG Oil Ltd. (CVE:TAO – Get Free Report) shares traded up 12.5% during trading on Tuesday. The company traded as high as C$0.04 and last traded at C$0.04. 6,369,349 shares were traded during mid-day trading, an increase of 1,089% from the average session volume of 535,891 shares. The stock had previously closed at C$0.04.

TAG Oil Trading Up 25.0%

The firm has a market cap of C$17.11 million, a price-to-earnings ratio of -5.00 and a beta of -0.33. The company has a 50 day moving average of C$0.09 and a 200 day moving average of C$0.08.

TAG Oil Company Profile

(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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