Zargon Oil and Gas (ZAR) Reaches New 12-Month Low at $0.03

Zargon Oil and Gas Ltd (TSE:ZAR) shares reached a new 52-week low on Wednesday . The company traded as low as C$0.03 and last traded at C$0.04, with a volume of 556825 shares changing hands. The stock had previously closed at C$0.04.

The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 244.00. The stock has a market cap of $18.39 million and a price-to-earnings ratio of -0.03.

Zargon Oil and Gas (TSE:ZAR) last released its quarterly earnings results on Thursday, March 14th. The company reported C($0.93) earnings per share for the quarter. The company had revenue of C$4.77 million for the quarter. On average, equities analysts anticipate that Zargon Oil and Gas Ltd will post -0.32 EPS for the current fiscal year.

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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. The company was formerly known as Zargon Energy Trust and changed its name to Zargon Oil & Gas Ltd.

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