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.

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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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