Zargon Oil and Gas (ZAR) Shares Down 25%

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Shares of Zargon Oil and Gas Ltd (TSE:ZAR) dropped 25% during trading on Thursday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 1,075,736 shares traded hands during trading, an increase of 99% from the average daily volume of 540,316 shares. The stock had previously closed at C$0.04.

The stock has a market capitalization of $18.39 million and a P/E ratio of -0.63. The company has a debt-to-equity ratio of 16.54, a quick ratio of 1.29 and a current ratio of 1.29.

Zargon Oil and Gas (TSE:ZAR) last announced its quarterly earnings data on Thursday, March 14th. The company reported C($0.93) EPS for the quarter. The firm had revenue of C$4.77 million for the quarter. On average, equities research analysts predict that Zargon Oil and Gas Ltd will post -0.365714285714286 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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