Key Points
- Director Abdel Fattah Badwi purchased 1,095,000 TAG Oil shares at an average price of C$0.05, investing C$54,750 and increasing his stake by 7.87% to 15.01 million shares.
- TAG Oil shares opened at C$0.04, below the 50-day and 200-day moving averages of C$0.08. The stock has traded between C$0.04 and C$0.14 over the past year, with a market capitalization of approximately C$13.69 million.
- TAG Oil explores, develops, and produces oil and gas across Canada, the Middle East, and North Africa.
TAG Oil Ltd. (CVE:TAO - Get Free Report) Director Abdel Fattah Badwi bought 1,095,000 shares of the business's stock in a transaction on Thursday, October 22nd. The shares were acquired at an average price of C$0.05 per share, with a total value of C$54,750.00. Following the transaction, the director owned 15,010,000 shares of the company's stock, valued at C$750,500. The trade was a 7.87% increase in their position.
TAG Oil Price Performance
Shares of CVE TAO opened at C$0.04 on Friday. The firm's 50-day moving average is C$0.08 and its two-hundred day moving average is C$0.08. The company has a market capitalization of C$13.69 million, a PE ratio of -4.00 and a beta of -0.33. TAG Oil Ltd. has a 12-month low of C$0.04 and a 12-month high of C$0.14.
TAG Oil Company Profile
(
Get Free Report)
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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