Zargon Oil and Gas Ltd (TSE:ZAR) shares reached a new 52-week low on Friday . The company traded as low as C$0.27 and last traded at C$0.27, with a volume of 9516 shares changing hands. The stock had previously closed at C$0.29.

Zargon Oil and Gas (TSE:ZAR) last released its quarterly earnings data on Wednesday, August 8th. The company reported C($0.05) earnings per share for the quarter. Zargon Oil and Gas had a negative net margin of 43.05% and a negative return on equity of 50.21%. The firm had revenue of C$10.84 million during the quarter.

In other Zargon Oil and Gas news, Director Craig Henry Hansen sold 80,000 shares of Zargon Oil and Gas stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of C$0.35, for a total value of C$28,000.00. Insiders sold 175,000 shares of company stock valued at $68,755 in the last ninety days.

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. As of February 12, 2018, the company had proved and probable reserves of 12.45 mmboe.

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