Zargon Oil and Gas (TSE:ZAR) Stock Crosses Above 200-Day Moving Average of $0.26

Zargon Oil and Gas Ltd (TSE:ZAR) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.26 and traded as high as $0.30. Zargon Oil and Gas shares last traded at $0.30, with a volume of 1,000 shares changing hands.

The company has a 50 day simple moving average of C$0.34 and a 200-day simple moving average of C$0.26. The stock has a market cap of $7.36 million and a price-to-earnings ratio of -0.68. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 16.50.

Zargon Oil and Gas (TSE:ZAR) last released its quarterly earnings results on Wednesday, August 14th. The company reported C($0.02) earnings per share (EPS) for the quarter. The business had revenue of C$9.17 million during the quarter. Equities analysts forecast that Zargon Oil and Gas Ltd will post -0.325614 earnings per share for the current fiscal year.

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.

Further Reading: Gross Domestic Product (GDP)

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