Zargon Oil and Gas Ltd (TSE:ZAR) hit a new 52-week low on Tuesday . The stock traded as low as C$0.41 and last traded at C$0.42, with a volume of 21,056 shares trading hands. The stock had previously closed at C$0.42.

The company has a 50-day moving average price of $0.49 and a 200-day moving average price of $0.59. The company’s market cap is $12.92 million.

In related news, Director James Peplinski sold 158,823 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of C$0.49, for a total value of C$77,823.27. Over the last 90 days, insiders sold 172,323 shares of company stock worth $84,003.

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About Zargon Oil and Gas

Zargon Oil & Gas Ltd. is a Canada-based company, which is engaged in the business of oil and natural gas exploration, exploitation, development, acquisition and production in Canada and the United States. The Company’s reserves are in Canada in the provinces of Alberta and Saskatchewan, and in the United States in North Dakota.

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