Zion Oil & Gas Inc (OTCMKTS:ZNOG – Get Free Report) shares rose 8.9% on Thursday . The stock traded as high as $0.6357 and last traded at $0.6257. Approximately 856,966 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 4,529,037 shares. The stock had previously closed at $0.5744.
Zion Oil & Gas Stock Up 4.5%
The firm has a market cap of $712.20 million, a PE ratio of -0.34 and a beta of 0.63. The company’s 50 day moving average price is $0.45 and its two-hundred day moving average price is $0.36.
About Zion Oil & Gas
Zion Oil & Gas Inc (OTCMKTS: ZNOG) is a United States–based oil and gas exploration company focused on identifying and developing hydrocarbon resources in Israel. The company’s primary activities include land leasing, geological and geophysical surveying, seismic data acquisition, exploratory drilling and reservoir evaluation. Zion Oil & Gas seeks to discover commercial quantities of oil and natural gas in underexplored onshore basins and to advance potential discoveries through appraisal and development planning.
Zion holds interests in several concessions in northern Israel, including areas around the Galilee Basin and the Shefla Basin.
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