TAG Oil (TAO) Reaches New 1-Year Low at $0.31

TAG Oil Ltd (TSE:TAO) reached a new 52-week low on Thursday . The company traded as low as C$0.31 and last traded at C$0.32, with a volume of 821800 shares traded. The stock had previously closed at C$0.38.

The company has a debt-to-equity ratio of 1.01, a current ratio of 2.06 and a quick ratio of 1.47.

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About TAG Oil (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.

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