Zargon Oil and Gas (TSE:ZAR) Hits New 1-Year Low at $0.31
Shares of Zargon Oil and Gas Ltd (TSE:ZAR) reached a new 52-week low on Tuesday . The company traded as low as C$0.31 and last traded at C$0.32, with a volume of 22000 shares changing hands. The stock had previously closed at C$0.32.
The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 16.50. The firm has a market cap of $7.36 million and a PE ratio of -0.72. The stock has a fifty day simple moving average of C$0.35 and a two-hundred day simple moving average of C$0.25.
Zargon Oil and Gas (TSE:ZAR) last posted its earnings results on Wednesday, August 14th. The company reported C($0.02) earnings per share for the quarter. The business had revenue of C$9.17 million during the quarter. As a group, sell-side analysts predict that Zargon Oil and Gas Ltd will post -0.32 earnings per share for the current fiscal year.
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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