Shares of Zargon Oil and Gas Ltd (TSE:ZAR) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.17 and traded as high as $0.36. Zargon Oil and Gas shares last traded at $0.36, with a volume of 17,812 shares changing hands.

The company has a market capitalization of $8.97 million and a PE ratio of -0.33. The firm has a fifty day moving average of C$0.36 and a two-hundred day moving average of C$0.17. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 16.54.

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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