Zargon Oil and Gas (ZAR) Shares Down 25%

Zargon Oil and Gas Ltd (TSE:ZAR) traded down 25% on Friday . The company traded as low as C$0.03 and last traded at C$0.03. 295,643 shares traded hands during trading, a decline of 38% from the average session volume of 479,042 shares. The stock had previously closed at C$0.04.

The firm has a market cap of $16.09 million and a P/E ratio of -0.03. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 244.00.

COPYRIGHT VIOLATION WARNING: This article was reported by Stock Observer and is the sole property of of Stock Observer. If you are viewing this article on another domain, it was copied illegally and reposted in violation of international copyright and trademark law. The correct version of this article can be accessed at

Zargon Oil and Gas Company Profile (TSE:ZAR)

Zargon Oil & Gas Ltd. engages in the exploration, development, and production of oil and natural gas in Canada and the United States. It owns interests in Alberta Plains North, Alberta Plains South, and Williston Basin areas. As of February 12, 2018, the company had proved and probable reserves of 12.45 mmboe.

Read More: Why does the United States have a lingering trade deficit?

Receive News & Ratings for Zargon Oil and Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zargon Oil and Gas and related companies with's FREE daily email newsletter.