Tap Oil (ASX:TAP) Trading Down 4%

Tap Oil Limited (ASX:TAP) shares traded down 4% during trading on Thursday . The company traded as low as A$0.12 ($0.09) and last traded at A$0.12 ($0.09), 59,196 shares were traded during trading. A decline of 87% from the average session volume of 452,726 shares. The stock had previously closed at A$0.13 ($0.09).

The company has a market capitalization of $51.06 million and a price-to-earnings ratio of 2.73. The business has a fifty day moving average price of A$0.11 and a 200 day moving average price of A$0.10.

Tap Oil Company Profile (ASX:TAP)

Tap Oil Limited operates as an independent oil and gas exploration and production company in South East Asia and Australia. It operates through Oil & Gas Production and Development; Oil & Gas Exploration; and Third Party Gas. The company owns a 30% interest in the G1/48 concession in Gulf of Thailand, which includes the Manora oil field.

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