TAG Oil Ltd (TAO) Trading 5.9% Higher
TAG Oil Ltd (TSE:TAO) traded up 5.9% during trading on Monday . The company traded as high as C$0.54 and last traded at C$0.54. 10,600 shares were traded during trading, a decline of 74% from the average session volume of 40,055 shares. The stock had previously closed at C$0.51.
The firm has a market cap of $46.05 million and a price-to-earnings ratio of 1.48. The company has a 50 day moving average price of $0.57 and a 200-day moving average price of $0.60.
TAG Oil (TSE:TAO) last announced its quarterly earnings data on Thursday, June 29th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by $0.01. TAG Oil had a negative net margin of 40.36% and a negative return on equity of 7.20%. The firm had revenue of $6.26 million for the quarter, compared to analyst estimates of $2 million. Equities research analysts anticipate that TAG Oil Ltd will post ($0.06) earnings per share for the current year.
TAG Oil Company Profile
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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