Zargon Oil and Gas (TSE:ZAR) Reaches New 12-Month Low at $0.33

Zargon Oil and Gas Ltd (TSE:ZAR) shares hit a new 52-week low on Wednesday . The stock traded as low as C$0.33 and last traded at C$0.34, with a volume of 34096 shares changing hands. The stock had previously closed at C$0.38.

The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 16.54. The stock has a market cap of $10.35 million and a price-to-earnings ratio of -6.76.

Zargon Oil and Gas (TSE:ZAR) last announced its quarterly earnings results on Tuesday, May 14th. The company reported C($0.01) earnings per share for the quarter. The firm had revenue of C$8.31 million for the quarter. As a group, research analysts anticipate that Zargon Oil and Gas Ltd will post -0.32 earnings per share for the current year.

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About Zargon Oil and Gas (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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