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.

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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.

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