TAG Oil Ltd. (CVE:TAO – Get Free Report) Director Abdel Fattah Badwi acquired 1,095,000 shares of TAG Oil stock in a transaction that occurred on Thursday, October 22nd. The shares were purchased at an average cost of C$0.05 per share, with a total value of C$54,750.00. Following the transaction, the director owned 15,010,000 shares of the company’s stock, valued at approximately C$750,500. The trade was a 7.87% increase in their position.
TAG Oil Stock Down 11.1%
Shares of TAO traded down C$0.01 during midday trading on Friday, reaching C$0.04. 2,873,361 shares of the stock were exchanged, compared to its average volume of 578,658. TAG Oil Ltd. has a 12-month low of C$0.04 and a 12-month high of C$0.14. The firm has a 50 day simple moving average of C$0.08 and a 200-day simple moving average of C$0.08. The company has a market cap of C$13.69 million, a price-to-earnings ratio of -4.00 and a beta of -0.33.
TAG Oil Company Profile
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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