Shares of TAG Oil Ltd (TSE:TAO) reached a new 52-week low on Monday . The stock traded as low as C$0.49 and last traded at C$0.49, with a volume of 11,200 shares changing hands. The stock had previously closed at C$0.49.

The stock has a market capitalization of $41.36 million and a price-to-earnings ratio of 1.325. The firm’s 50 day moving average is $0.55 and its 200-day moving average is $0.60.

TAG Oil (TSE:TAO) last posted its quarterly earnings results on Thursday, June 29th. The company reported C($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of C($0.03) by C($0.01). The firm had revenue of C$6.26 million during the quarter, compared to analyst estimates of C$2.00 million. TAG Oil had a negative return on equity of 7.20% and a negative net margin of 40.36%. On average, analysts anticipate that TAG Oil Ltd will post ($0.06) earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “TAG Oil Ltd (TAO) Hits New 1-Year Low at $0.49” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international copyright legislation. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/09/18/tag-oil-ltd-tao-hits-new-1-year-low-at-0-49.html.

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.

Receive News & Stock Ratings for TAG Oil Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TAG Oil Ltd and related stocks with our FREE daily email newsletter.