TAG Oil Ltd. (CVE:TAO – Get Free Report) Director Abdel Fattah Badwi purchased 1,095,000 shares of the stock in a transaction on Thursday, October 22nd. The shares were bought at an average price of C$0.05 per share, for a total transaction of C$54,750.00. Following the acquisition, 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 ownership of the stock.
TAG Oil Stock Down 11.1%
Shares of CVE:TAO traded down C$0.01 during trading on Friday, reaching C$0.04. The stock had a trading volume of 2,873,361 shares, compared to its average volume of 578,658. TAG Oil Ltd. has a 52 week low of C$0.04 and a 52 week high of C$0.14. The firm has a market capitalization of C$13.69 million, a price-to-earnings ratio of -4.00 and a beta of -0.33. The stock has a fifty day simple moving average of C$0.08 and a two-hundred day simple moving average of C$0.08.
About TAG Oil
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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