TAG Oil (TSE:TAO) Shares Down 33.3%

Shares of TAG Oil Ltd (TSE:TAOGet Free Report) dropped 33.3% during mid-day trading on Monday . The stock traded as low as C$0.13 and last traded at C$0.13. Approximately 63,400 shares traded hands during trading, a decline of 47% from the average daily volume of 119,400 shares. The stock had previously closed at C$0.20.

Analyst Ratings Changes

Separately, Echelon Wealth Partners set a C$1.10 price objective on shares of TAG Oil and gave the stock a “speculative buy” rating in a research report on Tuesday, February 27th.

View Our Latest Analysis on TAO

TAG Oil Price Performance

The company has a 50-day simple moving average of C$0.13. The company has a current ratio of 81.24, a quick ratio of 81.14 and a debt-to-equity ratio of 0.26. The company has a market capitalization of C$11.10 million and a P/E ratio of 1.86.

TAG Oil Company Profile

(Get Free Report)

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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