TAG Oil (TSE:TAO – Get Free Report) had its target price decreased by research analysts at Ventum Financial from C$1.10 to C$0.50 in a research report issued on Monday,BayStreet.CA reports.
TAG Oil Stock Performance
The company has a debt-to-equity ratio of 0.26, a quick ratio of 81.14 and a current ratio of 81.24. The firm has a 50-day moving average of C$0.13. The firm has a market capitalization of C$11.10 million and a P/E ratio of 1.86. TAG Oil has a 1 year low of C$0.09 and a 1 year high of C$0.42.
Insider Buying and Selling
In other TAG Oil news, Director Abdel Fattah Badwi purchased 200,000 shares of TAG Oil stock in a transaction that occurred on Wednesday, October 30th. The shares were bought at an average price of C$0.15 per share, for a total transaction of C$30,000.00.
TAG Oil Company Profile
TAG Oil Ltd. engages in the exploration, development, and production of oil and gas in Canada, New Zealand, and Australia. 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 located in the Surat Basin in Australia.
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