Insider Buying: TAG Oil Ltd (TSE:TAO) Director Acquires C$30,000.00 in Stock

TAG Oil Ltd (TSE:TAO) Director Abdel Fattah Badwi acquired 200,000 shares of TAG Oil stock in a transaction that occurred on Wednesday, October 30th. The shares were bought at an average cost of C$0.15 per share, with a total value of C$30,000.00.

TAG Oil Price Performance

The firm has a fifty day moving average price of C$0.13. The company has a quick ratio of 81.14, a current ratio of 81.24 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of C$11.10 million and a P/E ratio of 1.86. TAG Oil Ltd has a twelve month low of C$0.09 and a twelve month high of C$0.42.

About TAG Oil

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.