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

Shares of Zargon Oil and Gas Ltd (TSE:ZAR) hit a new 52-week low on Monday . The company traded as low as C$0.03 and last traded at C$0.03, with a volume of 70840 shares trading hands. The stock had previously closed at C$0.03.

The stock has a market cap of $13.79 million and a price-to-earnings ratio of -0.09. The company has a debt-to-equity ratio of 244.00, a quick ratio of 1.18 and a current ratio of 1.18.

Zargon Oil and Gas (TSE:ZAR) last announced its quarterly earnings results on Tuesday, November 13th. The company reported C($0.02) earnings per share for the quarter. The company had revenue of C$10.17 million for the quarter. Equities research analysts expect that Zargon Oil and Gas Ltd will post -0.32 EPS 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. As of February 12, 2018, the company had proved and probable reserves of 12.45 mmboe.

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