TORC Oil & Gas Ltd. (TOG:CA) Declines 5.18% for October 08

Equities Staff  |

It was a tough day for TORC Oil & Gas Ltd. (TOG:CA) as its stock fell 5.18% to finish the day at $3.48 a share on October 08. That reduces the company’s market cap to 761.81 million on 219.87 million outstanding shares. TORC Oil & Gas Ltd. is a component of the the S&P/TSX SmallCap Index.

467,156 shares exchanged hands over the course of the day as compared with an average daily volume of n/a over the last 30 days.

TORC Oil & Gas Ltd engages in the exploration, development, and production of oil and natural gas reserves in the southeast Saskatchewan area. Crude oil constitutes an overwhelming majority of the production mix the company gathers from its assets. TORC gains access to its assets through government issued royalties and uses various techniques to identify hydrocarbon reservoirs. The company focuses heavily on light oil resource plays and relies on a three-phased strategy of resource capture, delineation, and production growth.. TORC Oil & Gas Ltd. makes its home in Calgary, AB, and currently has CEO Brett Herman at the helm.

The past 52 weeks have seen the stock trade in a range between a high of $6.83 and a low of $3.03, and it’s currently sporting a 50-day SMA of $n/a and a 200-day SMA of $n/a. The current P/E ratio stands at n/a, with a P/B ratio of 0.51.

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TORC Oil & Gas Ltd. ($TOG:CA) is one of the 200 Canadian small-cap stocks that make up the S&P500/TSX SmallCap Index, the widely recognized benchmark for gauging the performance of the Canadian small-cap market. Similar to the Russell 2000 in the United States, the index is market cap-weighted and consists only of smaller companies. To be a part of the index, a company must have a market capitalization between C$100 million and C$1.5 billion with an average share price of C$1 or more.

To get more information on TORC Oil & Gas Ltd. and to follow the company’s latest updates, you can visit the company’s profile page here: TOG:CA’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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