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TAG Oil ( (TSE:TAO) ) has issued an announcement.
TAG Oil Ltd. announced the results of its 2025 annual general meeting, where shareholders voted to fix the number of directors at five and elected all proposed nominees. Deloitte LLP was appointed as the auditor for the upcoming year, and the company’s incentive stock option plan was approved, allowing the issuance of up to 10% of the company’s outstanding common shares. These decisions are expected to support TAG Oil’s strategic operations and enhance its governance framework, potentially impacting its market positioning and stakeholder interests.
The most recent analyst rating on (TSE:TAO) stock is a Sell with a C$0.08 price target. To see the full list of analyst forecasts on TAG Oil stock, see the TSE:TAO Stock Forecast page.
Spark’s Take on TSE:TAO Stock
According to Spark, TipRanks’ AI Analyst, TSE:TAO is a Underperform.
TAG Oil’s overall stock score is primarily impacted by its poor financial performance and valuation. Persistent losses and negative cash flows are significant concerns, compounded by bearish technical indicators. The lack of earnings call insights and corporate events leaves these issues unmitigated.
To see Spark’s full report on TSE:TAO stock, click here.
More about TAG Oil
TAG Oil is a Canadian-based international oil and gas exploration company with a focus on operations and opportunities in the Middle East and North Africa.
Average Trading Volume: 483,269
Technical Sentiment Signal: Sell
Current Market Cap: C$18.12M
See more data about TAO stock on TipRanks’ Stock Analysis page.