TAG Oil (TSE:TAO) Share Price Crosses Above Two Hundred Day Moving Average of $0.00

TAG Oil Ltd (TSE:TAO) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $0.35. TAG Oil shares last traded at $0.35, with a volume of 7,000 shares changing hands.

The company has a current ratio of 1.67, a quick ratio of 1.50 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $29.00 million and a price-to-earnings ratio of -0.56. The business’s 50-day moving average price is C$0.34.

TAG Oil Company Profile (TSE:TAO)

TAG Oil Ltd. engages in the exploration, development, and production of oil and gas in Canada, New Zealand, and Australia. 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 located in the Surat Basin in Australia.

Further Reading: Golden Cross

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