TAG Oil Ltd (TSE:TAO) reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.41 and last traded at C$0.42, with a volume of 24,500 shares trading hands. The stock had previously closed at C$0.42.
The stock’s 50 day moving average price is $0.49 and its 200-day moving average price is $0.58. The company has a market cap of $36.24 million and a PE ratio of 1.161.
About TAG Oil
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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